MGA launches new farms and estates product
Dual has targeted the UK agriculture insurance sector by launching new risk products.
The underwriting arm of Hyperion Insurance Group has set up a farms and estates team, which has in turn launched a farms combined policy that will be sold through select UK brokers.
The farms and estates team will be led by former UK General group sales director Dean Robertson.
Robertson said: “This launch comes after extensive conversations with brokers across the UK, researching the state of the market and looking to understand the products and technology that they need.”
The farms and estates boss said that brokers found lack of e-tradable products and little immediate quote ability a challenge.
The new Dual product addressed both these issues, Robertson said.
Dual chief executive Shane Doyle said: “This launch encapsulates what Dual, and the essence of a good MGA, is all about. Responding to the specific needs of a niche sector and its brokers by being innovative, creating a product and bringing that product to market.”