Inperio has today announced the launch of its Insurance Brokers PI product to support UK brokers in the toughening PI market. On a backdrop of rates increasing and concerns in the industry about availability and affordability of cover, the news is being welcomed my many in the sector.
Simon Lovat, Inperio CEO comments “We have been interested in entering this space for some time and have seen the significant problems brokers have had obtaining and renewing their PI Insurance and have launched our products today to bring some needed capacity to the PI space and to support the broker community which is life blood of how we distribute our products.”.
Tim Little, Financial Lines Underwriting Director at Inperio said ‘Insurance Brokers were the next logical sector in respect of our continuing product development. We are experts in providing protection to other FCA regulated entities with an underwriting strategy ensuring that when we provide protection, it is comprehensive and unfettered by inner restrictions. We have been concerned to see several COVID exclusions appear across the market and we will offer a different solution to Insurance Brokers.”
Inperio’s commitment to innovation and technical development continues with Lovat also stating “Since our inception, we have been focused on providing market leading protection to niche sectors. Deploying our capacity through expert underwriting and focusing on solutions which help mitigate risk for our clients. Our approach will yet again provide a refreshing alternative to the market”.