’We believe this is the first time legal expenses cover has been included as part of a technology led management liability suite,’ says chief executive
Digital managing general agent (MGA) C-Quence has enhanced its management liability offering with the launch of ML6.
Read: Jacqueline McNamee – The insurtech MGA serving brokers ‘something different’
Read: D&O market challenges remain as capacity and conditions still a concern
Not subscribed? Become a subscriber and access our premium content
Explore more commercial lines content here or discover other news stories here
ML6 includes a new legal expenses module and the addition of a range of client support services.
Jacqueline McNamee, chief executive of C-Quence, believed this was the first time legal expenses cover has been included as part of a technology led management liability suite.
Management liability insurance protects controlling members of a company should a negligence claim against them occur.
”With ML6, we are taking a leap forward by combining state-of-the-art technology and data intelligence with a product that offers meaningful value to clients together with competitive and service advantages to brokers using our CQ elements platform,” McNamee said.
”Combining this new cover with a complementary suite of client support services and transformative upgrades to our existing cover modules demonstrates our commitment to innovative solutions to meet the evolving needs of brokers and their clients.”
AI
C-Quence leverages artificial intelligence (AI) and robotics to automate administrative processes.
Read: Ex-AIG boss McNamee’s C-Quence adds excess D&O to products
Read: Jacqueline McNamee’s insurtech MGA plans rapid expansion
Explore more commercial lines content here or discover other news stories here
Brokers using the CQ elements platform to obtain quotes or bind business.
McNamee added: “Our commitment to efficiency goes beyond automation, it extends to understanding the complexities of the brokerage landscape.
”Clever use of technology and data in designing our platform and products means we cater for the individual intricacies of each and every client large or small, simple or complex.
“Brokers can also rely not just on the efficiencies and effectiveness of our technology but also on our underwriting expertise. They can always engage with our experienced underwriters, ensuring a holistic and tailored approach for every client.”
No comments yet