New Insurer to fill gaps in the market

December 04, 2023 06:07 PM AEDT | By EIN Presswire

Google News:

New Insurer to fill gaps in the market — Image source: Kalkine Media

Recent News

Fed Daly eyes fall for possible policy shift

Fifth Third Announces Three-Year, $20M Investment in North Nashville

Inogen Alliance Associate Awards: Environment Analyst Sustainability D...

New Zealand Construction Report 2025: Output to Contract by 1% Due to...

Ivory is a new innovative Australian owned insurer, to provide capacity for Australian underwriting agencies in the areas of PI, IT and general liability.

At Ivory, we aim to build strong, mutually beneficial relationships with our underwriting agency partners by understanding their needs and aligning our goals with theirs.”

— Scott Lawrence

BRISBANE, QUEENSLAND, AUSTRALIA, December 4, 2023 /EINPresswire.com/ -- Ivory Insurance Pty Ltd (‘Ivory’) is delighted to announce today that it has received authorisation from the Australian Prudential Regulation Authority (APRA) to commence underwriting, effective immediately.
Ivory is a new innovative Australian owned insurer, which will provide capacity and expertise for Australian underwriting agencies in the areas of professional indemnity, IT liability and general liability insurance for small to medium sized businesses.
Focused on overcoming the prominent market issues of unaffordable and unavailable insurance, Ivory will be built on a strong foundation, with its first agency book being that of Woodina, which is well established as a leading market in the Australian SME PI sector.
Utilising long standing London reinsurance contacts, Ivory offers its underwriting agency partners, and their customers, strong, long term underwriting support, and protection, and applies an award winning claim management model, built on more efficient funding of legal services.
The claims model focuses on expeditious resolution of claims and, in particular the vigorous defence of unmeritorious claims. This has been shown to lead to very favourable claim outcomes for insureds, whose strong reputations and claim records are fundamental to the claims model.
CEO of Ivory, Scott Lawrence, states we are linking with an award winning law firm, so that our underwriting agency partners' clients receive the support they need when claims are made.
Mr Lawrence continued, "At Ivory, we aim to build strong, mutually beneficial relationships with our underwriting agency partners by understanding their needs and aligning our goals with theirs. Our capacity allows our partners to grow their businesses through an insurance model designed to improve customer experience and retention and, at the same time, reward our partners through a fair and equitable commission structure.”
Focusing on the Australian market, Ivory is looking forward to building upon its initial partnership with Woodina and welcomes the opportunity to support other underwriting agencies.

For more information, please contact Scott Lawrence, M 0423 287 827 or visit https://www.ivoryinsurance.com.au

Scott Lawrence
Ivory Insurance
+61423287827 ext.
email us here

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.