28th November 2023
29 November 2023 – Open GI has partnered with Prestige Underwriting to launch a new, refreshed version of their well-established, non-standard Home proposition, Coverall.
Marking the continuation of a strategic partnership between the leading MGA and the technology partner, the collaboration will see Prestige Underwriting implementing the latest digital solutions from Open GI’s Core platform, a full end-to-end technology solution for broking and policy administration.
Enhancements to the Coverall product will include IHP Plus, a stand-alone, cloud-based insurer hosted pricing solution from Open GI, alongside access to Flood Re. Improved guaranteed quotability through data enrichments and sophisticated underwriting upgrades will also further enhance the familiar benefits already associated with the long-standing Household offering.
Backed by A-Rated capacity, Coverall helps brokers in placing those more difficult risks by providing an adaptable approach to risk appetite and underwriting stance. The evolution of the non-standard Home proposition, a pivotal initiative for the MGA’s brokers and longstanding trading partnerships, also auto-quotes for a wide variety of unique risks, including unoccupied properties and non-standard construction as well as holiday homes and residential let properties.
Tim Baxter, Head of Broker Development, Prestige Underwriting, comments: “The investment in Coverall demonstrates our continued commitment to the evolution of our insurance solutions and our ongoing programme of strategic software developments. We are thrilled to offer the enhanced solution via Open GI’s Core platform. It will enable us to further widen our underwriting footprint and continue to deliver our acclaimed underwriting and claims service. This development will also offer brokers more scope when it comes to specialist non-standard home insurance at competitive prices and ultimately more choice for their customers too.”
Commenting on the partnership, Simon Badley, Open GI’s Group CEO, said: “We’re delighted our ongoing partnership with Prestige Underwriting continues to go from strength to strength. We look forward to working with the team as they further extend their distribution and help brokers to grow in unique areas. With our latest cloud-based insurer-hosted pricing solution, IHP Plus, we will also be able to facilitate more pricing flexibility, which has become critical to our customers now more than ever.”
