The Specialty Customized Insurance Solution to Meet Your Clients’ Ever-changing Needs
White Paper Summary
If your client operates in a highly specialized business or has particular needs that are often difficult to find affordable coverage within the traditional insurance market, it’s vital that you partner with a specialty insurance provider.
This will enable your customers to secure the appropriate cover and limits required to protect them and mitigate against their specific risks.
That’s essential, particularly during the current hard market where rates continue to rise and traditional insurers tighten terms and conditions or pull coverage altogether.
One such solution is AmTrust Specialty Programs, a business unit of AmTrust Financial. It’s a one-stop-shop that also includes claims and risk management services and can be customized to match your client’s needs.
With increasingly more business being channeled through managing general underwriters (MGUs), AmTrust Specialty Programs has turned its customized approach into a boon. By providing a deep and relevant product set, it can cater to the diverse needs of these fast-growing entities.
Additionally, as a result of an influx of underwriting talent from insurance carriers into these MGUs, this has opened up more program opportunities. And that’s only going to continue asMGUs become increasingly sophisticated in its operations, data analytics, risk selection and pricing.
“Many of these MGUs have realized that they need a carrier to complement their underwriting and distribution expertise to support their success – whether that’s on the systems, product, actuarial, pricing or the claims side,” said Kathleen Smith, SVP Chief Underwriting Officer for AmTrust Specialty Programs. “That’s where we come in. We’ve successfully built out all of these capabilities and more and have the experience of having worked closely with our MGUs to develop niche strategies that leverage the best from each entity.”
To learn more about AmTrust, please visit their website.