Beazley has launched an e-trading platform in Asia, providing brokers in Hong Kong and Singapore with online access to its management liability (ML) and cyber product suites.
The platform, known as myBeazley, was first made available to brokers in Europe. It enables brokers to quote and bind the company’s specialist products in a few simple steps, according to a statement by Beazley. Brokers can use the platform to access cover for businesses with turnover up to US$250 million, with the reassurance they can speak to an underwriter should they need to at any point in the process.
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The ML suite on myBeazley offers broad protection for private organisations and their senior people and includes directors and officers (D&O) liability with the option to add employment practices liability (EPL) and crime cover, the statement said. The company’s cyber offering includes information security and privacy insurance, which provides a variety of industry-leading coverages for the emerging data security and privacy exposures facing companies today.
“The launch of myBeazley in Asia-Pacific is an exciting opportunity for us to help brokers control their management liability and cyber portfolio digitally,” said Nicholas Tey, Beazley’s regional head of financial lines in Asia-Pacific. “Our myBeazley platform simplifies the way brokers obtain a quotation using a statement of facts. In using the e-trading platform, brokers can expect a timely automated renewal process and regular reports to help manage their portfolio.”
