ML, D&O, EPL and crime cover, information security and privacy insurance… a rich platform from the West is now available here.
Specialist insurer Beazley PLC has launched its award-winning etrading platform myBeazley in Asia, providing brokers in Hong Kong and Singapore with online access to Beazley’s management liability (ML) and cyber product suites.
The platform, which is already available to brokers in Europe, has been designed to be simple and intuitive, enabling brokers to quote and bind Beazley’s specialist products in a few simple steps. Brokers can access cover for businesses with turnover up to US$250m through the platform, with the reassurance they can speak to an underwriter at any point in the process.
The ML suite on myBeazley offers broad protection for private organizations and their senior people and includes directors and officers (D&O) liability with the option to add employment practices liability (EPL) and crime cover.
Beazley’s cyber offering includes information security and privacy insurance, which provides a variety of industry-leading coverage for emerging data security and privacy exposures facing companies today.
Said Nicholas Tey, Beazley’s regional head of financial lines in Asia Pacific: “The launch of myBeazley in Asia Pacific is an exciting opportunity for us to help brokers control their management liability and cyber portfolio digitally. 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.”
Beazley Pte Limited is authorized by the Monetary Authority of Singapore in its capacity as a Lloyd’s coverholder under the Lloyd’s Asia regulations. Beazley Pte Limited has authority to enter into contracts of insurance on behalf of Lloyd’s syndicate 623 and 2623 which are managed by Beazley Furlonge Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK (ref 204896) in its capacity as a managing agent.