PriyaPatel
TLDR:
- Boost Insurance and Amwins Program Underwriters have partnered to update Lawyers Professional Liability programs.
- The collaboration aims to enhance coverage solutions through technology-driven underwriting processes.
Key Elements:
Boost Insurance, a key player in the InsurTech sector, has joined forces with Amwins Program Underwriters to revolutionize Lawyers Professional Liability programs, including LawGold and Firemark. By utilizing Boost’s advanced technology infrastructure, these programs will be offered on AM Best “A-” rated paper, marking a significant shift in professional lines insurance programs. This partnership seeks to address market needs and introduce a competitive edge through technology-enhanced underwriting processes and infrastructure.
Amwins, a prominent wholesale distributor of specialty insurance products in the United States, boasts a strong global presence with over 7,300 employees and 155 offices. On the other hand, Boost Insurance simplifies the integration of digital insurance programs into various business models through its full-stack digital insurance platform. Together, these companies aim to leverage their expertise to deliver streamlined, efficient, and enhanced coverage solutions to law firms of various sizes.
The partnership also includes the re-launch of the Attorneys’ Select program, targeting firms that face challenges in securing insurance due to their practice areas or claims history. By expanding their reinsurance capacity and focusing on technology-driven solutions, Boost and Amwins aim to bring innovative insurance products to the legal profession and increase efficiency in delivering these programs.
Overall, this partnership represents a significant milestone in the evolution of legal liability coverage, combining Amwins’ specialty insurance expertise with Boost’s scalable InsurTech platform to create a more competitive offering in the insurance market.
