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Zurich, Canada Launches Site for Builders' Risk Brokers

The site allows policies to be quoted and issued quickly, the company says.

Toronto-based Zurich, Canada, a subsidiary of Zurich Financial Services, has launched a Web site allowing its contracted brokers to rate, quote, issue and manage builders’ risk policies.

With the site, brokers can easily quote and issue policies that automatically include 13 coverages. These policies can also be customized to meet the specific requirements of each project, including flood, earthquake, soft costs and green building exposures.

“By leveraging Zurich’s strength in builders’ risk insurance in the United States, we are bringing the convenience of a proven product and platform to the Canadian marketplace,” Evergreen Lee, head of new program development for Zurich, Canada, says in a statement. “In pilot sessions, brokers have been very impressed by the easy online system and the speed at which a builders’ risk policy can be quoted and issued. Developing innovative products with the needs of our customers in mind is how Zurich is continuing to provide value-added service that distinguishes it from other insurance companies.”

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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