London Underwriters, a leading national insurance wholesale broker, and Foxquilt, a pioneer in digital insurance solutions for small businesses and individuals, have announced a strategic partnership.
Through this collaboration, London Underwriters aims to enhance its offerings by leveraging Foxquilt’s innovative platform to provide efficient and tailored insurance solutions for small businesses, according to the Coverager.
Agents will gain access to Foxquilt’s platform, Foxden, through London Underwriter’s seamless SSO connectivity portal, LU One, facilitating ease in managing client portfolios.
This partnership underscores the evolving landscape of insurance, where traditional players like London Underwriters recognise the value of digital innovation to meet the changing needs of clients.
By combining forces, both companies are poised to deliver enhanced services and solutions to their clientele.
Earlier this year, Foxquilt revealed a strategic and long-term capacity relationship with global insurance provider Markel.
This collaboration was set to drive embedded insurance innovation for small business owners, agents/brokers, and enterprise partners across North America.
The move also saw Foxquilt enhance its footprint in the United States. This expansion aligned with the ongoing growth of embedded partnerships, ensuring that small business owners had access to insurance precisely when and where they needed it.
This was achieved by leveraging Markel’s expertise in small business insurance and Foxquilt’s embedded insurance technology, to support business owners and the agents, brokers, and enterprises they worked with.
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