On demand cover is one of the great benefits of a truly digital insurance eco-system. In a volatile supply chain era on the high seas, that flexibility also makes sense when it comes to covering various Marine risks in 2024 too. Ideal for Specialty brokers.
Here’s the word on the new app;
A new web app from specialty marine MGA Vessel Protect now makes its K&R quote & bind offer the most versatile in the market – brokers can just tap the Vessel Protect icon on their smartphones any time of day or night and bind a cover in just 1 to 2 minutes.
Marine war risk specialist Vessel Protect was acquired by Pen Underwriting earlier this year [2023] and is now a star player in its newly
created Pen Marine division. The web app is provided by the policy admin solution Go-Insur, from Pancentric Digital.
Says Munro Anderson, Head of Operations at Vessel Protect, “Our priority at Vessel Protect has always been speed and minimum fuss for
brokers. This web app builds on our highly successful, award-winning service.“
Edward Woodham-Smith, Client Success Director at Go-Insur, explains the latest service enhancements, “Brokers can now tap a Vessel Protect icon on their home screen and zip through the K&R quote & bind screens in seconds. What typically takes hours with other providers can be done in an instant and on the move with Vessel Protect – any time, anywhere in the world. It revolutionises brokers’ service to end clients.”
He continues, “A mix of easy-to-complete questions and marine-specific data enrichment makes light work of the quote process and the system auto-generates all required documentation – a real step-change to efficiency.”
Vessel Protect has enjoyed significant success as a result of its service-led, tech-enabled strategy. The challenger MGA is now unrivalled globally for K&R. No other provider in the market offers the complexity of online underwriting with instant documentation. Within 12 months of launching their Go-Insur powered digital trading operation, Vessel Protect achieved a 1000% uplift in K&R GWP with 96% repeat usage by brokers. Over 50 broker organisations worldwide are now registered and trading on the Vessel Protect quote & bind platform.
Be the first to comment