Reinsurance News

Munich Re’s private client arm launches personalised tech-enabled offering

18th March 2021 - Author: Charlie Wood

Munich Re’s private client arm GrovesJohnWestrup has launched a new offering designed to offer a digital platform for insurance brokers and intermediaries.

Munich Re logo on a signGrovesJohnWestrup’s offering is available via a digital portal platform that adopts a data-driven approach to provide fast response times regardless of the size or complexity a client requires.

The offering will initially be focused on UK property, including main residences, holiday homes, second residences and let properties.

Meanwhile, the services available will include risk appraisals, building validations and recommendations for approved partners. Over time the offering will expand to also cover motor.

Alexander Lay, Managing Director, GrovesJohnWestrup Private Clients said, “Our team has years of experience insuring the unique lifestyle and needs of Private Clients.

“The GrovesJohnWestrup platform seeks to develop and grow this capability further by bringing a totally modularised, digital offering to the HNW market.

“It is ultimately our ambition to offer brokers the widest range of products for their large & complex Private Clients space on an entirely digital platform with 100% Munich Re capacity.

“We feel that our tech-enabled solution is a significant step towards the future in terms of the industry’s digital transformation, something that the ongoing Covid-19 crisis has accelerated,” he added.

“Yet, whilst we embrace the development of new technologies, customer centricity is at the heart of what we do. We will maintain a highly personalised, dedicated and dependable approach to both underwriting and claims management ensuring that our business partners and clients achieve the best solution to suit their individual needs.”

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