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New PI insurance targets advisers

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11 March 2024 by Insurance News

Article link: https://www.insurancenews.com.au/life-insurance/new-pi-insurance-targets-advisers

A Lloyd’s-backed professional indemnity cover designed for financial advisers has launched under a partnership between Adviser Ratings and insurtech Numerisk.

The partners say the product will deliver improvements for advisers and insurers amid challenging conditions in the professional indemnity market, where premiums have risen sharply as insurers respond to worsening claims in recent years.

The product utilises Adviser Ratings’ industry insights to support underwriting and pricing processes.


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