Dale Underwriting Partners
Dale Underwriting Partners (Lloyd’s syndicate 1729), based in London, partnered with Covernet in 2021 on a new multi-cover product for the sports and leisure industries. The independent underwriter’s new product, is aimed at sports clubs, coaches, federations, events and the leisure industry.
The digital portal was designed and delivered by Covernet via its fully-hosted, web-based ISMIS platform, which provides full cycle support to allow brokers to quote and bind policies, and issue their documentation, as well as providing a hugely functional back office system for the underwriting team at Dale.
Maximising Underwriter Efficiency
“Developing a unique algorithmic rating engine to calculate premium and ensure underwriting qualifying criteria are met, ensures a swift service for brokers, and maximises the value of the underwriting team’s time.”
For more complex risks, custom broker submissions can also be processed through the digital portal to Dale’s underwriting team for review and pricing. Underwriters can also carry out complex adjustments and apply tailored endorsements to the policy, while enabling the broker to issue the risk and download pdf policy documentation from within the digital portal.
A Key Differentiator
Dale casualty underwriter Chris Hootton added: “Our ability to deliver first-class products quickly, efficiently and with minimal manual processing is a key differentiator in an increasingly competitive marketplace. Covernet’s platform enables us to do all that, while also providing us with the all-important data analytics that are needed to inform our reporting, manage our broker relationships and monitor overall portfolio performance”.