Lumen, Transverse partner to launch commercial property insurance program


Lumen, Transverse companion to introduce industrial residential property insurance policy program

Lumen Threat Providers and also Transverse Insurance policy Team have actually partnered to introduce a brand-new industrial residential property insurance policy program. The non-admitted program will originally supply monoline residential property protection for multifamily, friendliness and also light industrial residential property accounts, with strategies to broaden right into various other lines of protection in the future.

Lumen has actually additionally revealed the launch of KURRENT, a brand-new electronic system for the commercial insurance room. KURRENT offers manufacturers accessibility to a website that approves entries, helps with expert interactions, streamlines shipment of plan records, automates recommendation demands, and also supplies simple accessibility to in-force accounts and also revivals. The system additionally supplies real-time analytics on the manufacturer’s whole publication of organization at Lumen.

“We are beyond thrilled to launch Lumen’s first commercial property program in partnership with Transverse Insurance Group,” stated Scott Whitaker, Chief Executive Officer of Lumen Threat Providers. “Our two organizations are uniquely aligned in how we see the future of insurance programs and our mutual desire to lead with technological innovation. This gives us a chance to showcase our proprietary, cloud-based platform that will set the standard for the commercial lines space and virtually eliminates the need for any other outside systems.”

Check out following: Transverse Insurance Group bolsters leadership team

Erik Matson, founder and also Chief Executive Officer of Transverse, kept in mind that the collaboration is an additional instance of Transverse’s insurance policy acumen and also capability to companion with an MGA. Lumen has actually come close to a sector of industrial lines insurance policy with an incorporated capability to address the plan construct and also management, he stated, along with analytics to aid lead their circulation companions.

“We are excited to be part of this great effort and our ability to act in parallel with our partner to drive results,” he stated. “We strive to combine the talent and experience of our team with the flexibility of our hybrid fronting structure to underwrite great MGAs and their programs.”

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