Lumen Risk Services, Transverse to Offer Commercial Property Coverage
May 21, 2021
Program administrator Lumen Risk Services, in partnership with Transverse Insurance Group, has launched a new commercial property insurance program.
The non-admitted program will initially offer monoline property coverage for multi-family, hospitality, and light commercial property accounts with plans to expand into other lines of coverage. The coverage will be available through Lumen’s new digital platform, KURRENT, designed for the commercial insurance space.
The KURRENT program administration system gives producers access to a portal that accepts submissions, facilitates underwriter communications, centralizes policy document delivery, automates endorsement requests, and provides access to in-force accounts and renewals. It will also deliver real-time analytics on the producer’s book of business at Lumen through a producer dashboard.