BIA Leading Insurer for Steadfast Network

It has now been three years since Berkley Insurance Australia (BIA) joined the Steadfast Client Trading Platform (SCTP) with its General Liability product.  Since then, BIA has introduced its Professional Indemnity product to the SCTP and become the leading insurance provider on the SCTP for both products.

Over the last few years, the SCTP has become an insurance marketplace for brokers to easily obtain an instant quote with one set of questions.  The digital transformation is now in full swing, and Steadfast has led the pack as a one-stop shop for its broker network.

With many insurers navigating reduced capacity, particularly in the Professional Indemnity space, SCTP makes it easier and faster for brokers to process straightforward SME risks with BIA.  Another key benefit is the 24-hour response promise from local underwriting teams if the risk is more complex or needs referral to an expert underwriter.

In the recent Steadfast Network Insurer Survey, BIA impressively took the lead in both products across all five service aspects, including responsiveness to quote turnarounds, risk appetite, competitiveness and satisfaction with claims service.  BIA was first included in the broker on insurer survey last year and is now the clear leader for a second year.

 “In the last three years, Berkley Insurance Australia has a proven track record as the clear leader on the SCTP for both General Liability and Professional Indemnity.  This is directly attributed to our team who continually look at improving the online broker experience,” said Chief Executive Officer of BIA, Tony Wheatley.

BIA is renowned for its fast turnarounds and local underwriter support. After three years of offering General Liability and Professional Indemnity, with a consistent and broad range of occupations completely automated, it aims to continue as the market leader, with a successful partnership with the Steadfast Group, for many years to come.

“Now, with two lines available on the SCTP we can offer even more flexibility to Steadfast brokers with the competitive commission and high limits” added Wheatley.

The hybrid work style has become the new norm, and leaders such as Steadfast have made it easier for brokers to do business while maintaining the same strong relationships with local teams.

For more information about Berkley Insurance Australia on the SCTP click here.

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Berkley Insurance Australia on the SCTP