Growth and differentiation in today's market is tough and competitors are constantly looking for ways to lure away an insurer's best customers. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. Beazley Product Solutions provides turnkey solutions to seamlessly incorporate specialty products into an insurer’s offering. By collaborating with us, our carrier partners can offer customers tried and tested specialty products while mitigating the risks of entering new lines of business and fending off competitive threats.
How it works
Our formula is simple. We have become a market leader in delivering innovative solutions for our insurance company partners by:
- Designing customized solutions to meet insurers' needs and the needs of their policyholders.
- Supporting these products with award winning claim handling and risk management support.
- Backing our solutions by treaty reinsurance.
Addressing the growth challenge
Growth and differentiation in today's market are tough. And competitors are constantly looking for ways to lure away an insurer's best customers.
Beazley Product Solutions helps fend off competitive threats. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. But by collaborating with us to offer customers tried and tested specialist products, our insurance company clients can mitigate the risks of entering new lines of business.
Our comprehensive solutions include the policy form, rating plan, underwriting guidelines, filing and marketing support and reinsurance support. Current examples of our turnkey products include data breach coverage, employment practices liability insurance, and regulatory liability insurance for healthcare providers. New products developed by any of Beazley's five insurance divisions (specialty lines; property; political risks & contingency; and life, accident & health) may be suitable for the same approach.
Contact us or your reinsurance broker to discuss your ideas and to find out more about how we can support you in being more competitive.
Beazley Product Solutions team
Underwriter - Embedded Environmental
Philadelphia, PA, USA
+1 215 446 8413tim.foy
Focus Group Leader, Specialty Treaty
+44 (0)20 7674 7890james.gray