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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. ....
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Lumen Risk Services and Transverse Insurance Group Announce the Formation of a New Partnership to Write Commercial Property Insurance for Real Estate Accounts News provided by Share this article Share this article PRINCETON, N.J., May 12, 2021 /PRNewswire/ Lumen Risk Services, in partnership with Transverse Insurance Group, announces the launch of its 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 future plans to expand into other lines of coverage. Lumen is also excited to announce the launch of KURRENT its new digital platform that brings state-of-the-art technology to the commercial insurance space. The full-scale program administration system was built from the ground up and creates a digital experience unlike any other in commercial lines. KURRENT gives producers access to a portal that accepts submissi ....
Neptune secures Transverse capacity for alt flood programme 28-04-2021 19-04-2021 Neptune Flood, the AI-driven flood insurance provider, has unveiled its latest capacity programme, sponsored by Transverse Insurance Group and backed by a panel of global reinsurers. The $30 million premium capacity programme allows Neptune to meet growing demand for its flood insurance alternative to the government backed NFIP programme. It was placed through Acrisure Re, the carrier formerly Beach & Associates. Neptune policies placed with the programme will carry Transverse’s A- rating from AM Best. The programme will look to protect approximately $10 billion in home and business value from the catastrophic risk of flooding. Hurricane season begins on May 15, with the record number of storms recorded in 2020 putting the market on high alert. ....
/PRNewswire/ Neptune Flood, the first AI-driven flood insurance company to provide fast, easy and better flood insurance, announced the launch of its latest. ....