London Underwriters (LU), a technology-driven insurance services provider, has partnered with NormanMax Insurance Solutions (NMIS) to offer agents access to innovative solutions for natural disasters such as hurricanes and earthquakes.
The partnership is driven by the mutual goal of expanding the availability and accessibility of parametric insurance solutions to agents, according to InsurTech Insights.
By integrating NMIS’s state-of-the-art parametric products into LU ONE, a user-friendly platform designed for insurance agents, the two companies aim to streamline the process of offering and utilising these products, enhancing the overall experience for agents and their clients.
London Underwriters (LU) provides a technology-driven platform, LU ONE, that simplifies and enhances the way insurance agents access and utilise various insurance products.
The platform’s user-friendly interface is designed to make the process as efficient as possible for agents, allowing them to offer their clients comprehensive coverage with ease.
NormanMax Insurance Solutions (NMIS) is an InsurTech company at the forefront of providing parametric insurance solutions, which offer a more efficient and transparent alternative to traditional insurance models.
NMIS focuses on customising insurance coverage for natural disasters such as hurricanes and earthquakes, with a quick claims process based on pre-defined parameters.
The integration of NMIS’s parametric insurance products into the LU ONE platform was completed swiftly, underscoring the commitment of both companies to deliver seamless solutions to agents.
This collaboration promises to provide agents with the tools needed to better serve their clients, especially in areas vulnerable to natural disasters.
The integration is expected to allow agents to access parametric insurance solutions for hurricanes and earthquakes quickly and easily.
This will not only broaden the range of products available to agents but also enhance the speed and efficiency with which claims are processed, providing customers with a more streamlined insurance experience.
“We are thrilled to join the LU ONE platform, extending our tailored parametric solutions to agents nationwide,” said Mark Groenheide, Chief Revenue Officer of NormanMax Insurance Solutions.
“London Underwriters’ commitment to technology and efficiency aligns perfectly with our mission to provide customised parametric coverage for hurricanes and earthquakes,” he added.
Daniel Feigenbaum, CEO of London Underwriters, said: “Not only is their quote turnaround time unbelievably fast, but they are also incredibly helpful in providing different options for our submission. NormanMax is definitely our first and best option when it comes to Parametric.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
