Specialist insurer Beazley, has announced a new, efficient and effective online portal solution for its leading Weather Guard product.
The new online portal, created in partnership with Paragon, will provide a faster service with no changes being made to the actual quality of cover, limits or specific weather perils.
At the same time, Beazley has stated that Weather Guard will continue to be written on the company’s admitted paper and Weather Guard claims will still be handled by their claims team.
The market leading parametric weather product will greatly benefit from Beazley’s underwriting expertise, combined with an innovative tech solution administered by Paragon.
Andrew Duxbury, Head of Contingency at Beazley, commented: “Weather Guard is a market leading weather insurance product, leveraging Beazley’s comprehensive historical weather data and experience going back nearly 40 years and backed with outstanding underwriting expertise; it offers excellent protection against extreme weather events to businesses across the United States.
“The new online portal will ensure that more brokers are able to easily access Weather Guard using high-quality, cutting-edge technology for speedy, frictionless turnaround times. I’m looking forward to working with Paragon as we continue to build Weather Guard together.”
Christian Phillips, President of Contingency Practices of Paragon, added: “WeatherGuard, a product I’ve underwritten for 9 years, plays an important role in protecting North American businesses from weather related losses and Paragon is excited to be helping bring it to an ever-wider audience, via state-of-the-art digital distribution tools.”
