Stubben Edge Group, a UK-based fintech, in collaboration with Pulse Insurance Limited, has announced the introduction of Specialist Life insurance coverage, to be provided through Stubben Edge’s Guernsey-based subsidiary, 1Edge Insurance PCC Ltd.
The product is designed to cater to individuals with a range of pre-existing medical conditions, such as cancers, heart issues, mental health challenges, high BMI, cystic fibrosis, organ transplants, HIV, and long COVID.
Specialist Life aims to address a significant gap in the insurance market, targeting those who have traditionally faced difficulties in obtaining insurance due to their health conditions. The insurance product is developed in partnership with De Hoop, a Dutch reinsurer known for its expertise in creating tailored term life insurance for individuals with pre-existing medical conditions.
Specialist Life is focused on UK residents and offers a maximum coverage amount of £850,000 for up to 10 years, with potential flexibility for higher coverage. 1Edge will act as the underwriters for this new product, with Pulse Insurance serving as the UK broker and De Hoop as the reinsurer.
“1Edge and De Hoop’s partnership with Pulse showcases our commitment to delivering purposeful solutions, providing individuals with pre-existing medical conditions with a newfound sense of security and peace of mind. We believe that everyone deserves access to the right insurance, regardless of age or health, and the launch of Specialist Life reflects that commitment,” Pulse managing director Torquil McLusky said.
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