Midas Underwriting have gone live on Acturis with their non-standard home product Midas Jewel.
The policy is designed to cover the types of risks usually declined by other insurers including clients with previous criminal convictions and bankruptcy; properties suffering previous subsidence, listed buildings, properties undergoing building works, extended unoccupancy and business use at the home.
Specially for the Acturis product launch, Midas has increased the Buildings Sum Insured to £1m and Contents Sum Insured to £100,000 with higher limits on referral.
Ant Sherlock, Head of Key Accounts across Midas & Geo said of the launch:
“This is a great opportunity for us to expand our product distribution across the Acturis community of brokers. Acturis has increased its focus on Personal Lines products over recent years and we are excited about making our product available to the ever-increasing list of brokers trading on the Acturis platform and providing EDI access to our non-standard home product.”
Jim Lorimer, Acturis Personal Lines Director commented:
“We welcome Midas Underwriting to our Home panel and the increased opportunity for our brokers to place non-standard Home risks. Our ongoing growth and pipeline in Personal Lines continues to attract Insurers to our panels.”
Part of the Ardonagh Group since 2016, Midas Underwriting Ltd specialises in providing brokers in the United Kingdom and Republic of Ireland with non-standard household insurance and motor insurance.
Acturis is the leading, award winning Software as a Service provider to the insurance industry. The Acturis SaaS platform is an administration, distribution and underwriting platform used by insurance brokers and underwriters. It now has over 20,000 users across over 450 sites.
Acturis operates in the general insurance market, supporting both personal and commercial lines. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards and the British Insurance Technology Award.
Acturis has been awarded Business Partner of the Year 2018 at the Insurance Times Awards and Outsourced Partner of the Year 2016 at the British Insurance Awards.
The Acturis Group also includes NIS, ICE InsureTech, Acturis Deutschland and Zycomp Systems.
NIS is a leading provider of software solutions to the travel insurance, assistance and health insurance markets with customers in more than 40 countries.
ICE InsureTech products are enterprise-grade modular software solutions for the management and processing of insurance claims, policies, billing and rating, with integrated business intelligence and insurance analytics.
Acturis Deutschland is the leading provider of insurance price and terms information to the German insurance market and the largest provider of broker administration and trading software in Germany.
Zycomp Systems Limited was originally founded in 1987 and provide modern, cost effective software for the Canadian Insurance Industry.