By trading digitally, brokers have ’speed accuracy and reliability’ that was not often available previously 

Digital MGA C-Quence – which was founded by ex-AIG boss Jacqueline McNamee – has added excess directors and officers (D&O) to its financial lines’ products range.

It will be traded on C-Quence’s cloud-based platform CQ Elements and is aimed at brokers requiring higher limits of indemnity and protection for clients within its target market.

Commercial lines has been slow to adapt digitally due to the nature of risk it deals with as well as many policies needing to be bespoke. 

Jacqueline McNamee, C-Quence’s chief executive, told Insurance Times: “Producing a layered solution for a client is usually time sensitive and administratively burdensome, so brokers need confidence that insurers can deliver a good service, structured correctly and quickly.

”By trading digitally C-Quence offers levels of speed, accuracy and reliability that brokers rightly demand but is often not available.”

The digital process cuts through old fashioned and slow manual underwriting processes and policy production, she added. 

Speedy turnaround 

The product has a cover limit of up to £10m on an any one claim (AOC) basis and is backed by A-rated capacity. 

C-Quence’s technology and data infrastructure means a quick, cost efficient and accurate quote to bind process, including client specific policy delivery that takes minutes – instead of days.

McNamee added: “Brokers can expect the same quick turnaround and instant, accurate and bespoke policy delivery experience they enjoy when trading with C-Quence across all our products – saving time and improving their own efficiency and productivity.”