Professional Indemnity launches on Steadfast SCTP

Automation with exceptional service was just the beginning for Berkley Insurance Australia (BIA) when joining the Steadfast Client Trading Platform (SCTP).  Now almost three years on, BIA continues to be the leading provider of standalone General Liability on the SCTP virtual marketplace and recently expanded its line to include Professional Indemnity Insurance. The success of General Liability has contributed to the ongoing development to refine SCTP response times and streamline the renewal process.

With many insurers still looking at reducing their capacity and increasing premiums well into 2022, the launch of BIA’s Professional Indemnity Insurance on the SCTP will make it easier and faster for brokers to process straightforward risks.  They can also expect all referrals to be responded to within 24 hours and work directly with their local underwriter if a risk has more complexities.

 “In the last three years Berkley Insurance Australia has a proven track record as the clear leader on the SCTP for General Liability. 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. Now, offering another line on the Steadfast SCTP, Professional Indemnity Insurance will be the latest product brokers can automate.

“By adding Professional Indemnity to the SCTP we can offer even more flexibility to Steadfast brokers with competitive commission and high limits” added Wheatley.

BIA expects the Steadfast Professional Indemnity product will be as well received as General Liability with a broad range of occupations that will fully automate quote, bind and issue.

Automation and workplace flexibility are here to stay and Steadfast understands the need to expand their product lines with insurers. BIA is proud to be part of this expansion and looks forward to continuing to lead the market and maintaining strong relationships with our respective local teams.

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

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