Speciality insurance coverage supplier Skyward Specialty Insurance coverage has unveiled a brand new answer tailor-made to the actual necessities of extra and surplus (E&S) particular person suppliers, together with physicians.
By the introduction of the brand new answer, the insurer plans to broaden its healthcare urge for food and particular person supplier protection on this sector.
Healthcare consultants, significantly particular person suppliers and physicians, face various challenges and prospects within the present healthcare panorama.
The additionally exists a rising demand for tailor-made coverages for healthcare consultants within the insurance coverage market, the corporate famous.
Skyward Specialty Insurance coverage healthcare options senior vice-president Sarah Logue mentioned: “By conversations with our brokers and trade companions we recognised there was a big hole available in the market that we’re ready to handle.”
“We consider that by addressing the wants of this underserved market, we’re offering peace of thoughts for practising professionals whereas additionally supporting the expansion and success of healthcare professionals throughout the nation.”
Parallelly, the corporate rebranded its underwriting section to Healthcare Options, earlier referred to as Allied Well being.
Skyward Specialty focuses on penetrating underserved markets past the traditional scope of this section, which was based in 2021.
The healthcare options group will begin accepting purposes for particular person supplier protection from 2 October 2023, the corporate added.
The corporate at present has eight underwriting models, specifically accident and well being, captives, world property and agriculture, trade options, skilled strains, programmes, surety and transactional E&S.
Skyward Specialty’s specialty strains president John Burkhart mentioned: “After we introduced Sarah Logue and her group on, we knew we have been ushering in a brand new section of progress on this sector.
“And now, only one 12 months later, we’re launching healthcare options with new investments in expertise and revolutionary options that may have an actual impression on {the marketplace} and place us totally on a path to broaden our present options and set us up for alternatives to return.”
