In a move to cater to the evolving needs of landlords and property owners, Folgate Underwriting and Arkel, two prominent players in the insurance industry, have recently expanded their e-trade offerings on the Acturis platform. This development comes as a response to the growing demand for streamlined and efficient insurance solutions in the landlord sector.
Folgate Underwriting has announced an extension of its landlords Acturis and extranet e-trade products to cover sums insured up to £20 million. This enhancement aims to bridge the e-trade gap and provide landlords with greater flexibility and options when it comes to insuring their properties. By increasing the limit on their e-trade products, Folgate is positioning itself as a key player in the digital insurance space, catering to the needs of landlords with larger property portfolios.
Similarly, Arkel, a managing general agent, has rolled out its landlords let property insurance product, ‘Premier Let,’ on the Acturis platform. With this addition, Arkel now offers products on every major software house, further expanding its reach and accessibility to landlords across the market. By leveraging the Acturis platform, Arkel is able to provide a seamless and efficient insurance solution to landlords, streamlining the process of obtaining coverage for their rental properties.
These strategic moves by Folgate and Arkel underscore the importance of innovation and adaptation in the insurance industry, particularly in response to changing market dynamics and customer needs. By leveraging technology and digital platforms like Acturis, insurers are able to offer tailored solutions that meet the specific requirements of landlords and property owners, ultimately enhancing the overall customer experience.
The expansion of e-trade offerings in the landlord insurance segment is expected to have a positive impact on the market, providing landlords with greater choice, convenience, and transparency when it comes to insuring their properties. By increasing the limit on e-trade products and expanding their presence on digital platforms, insurers like Folgate and Arkel are not only meeting the current needs of landlords but also future-proofing their offerings in a rapidly evolving industry landscape.
Overall, the initiatives taken by Folgate Underwriting and Arkel to enhance their landlords insurance offerings on the Acturis platform signal a commitment to innovation, customer-centricity, and market leadership in the insurance sector. As the demand for digital insurance solutions continues to rise, these strategic moves are likely to position both companies as key players in the landlord insurance market, driving growth and differentiation in an increasingly competitive landscape.
References:
1. “Folgate ramps up e-trade limit for landlords products” – Insurance Age [https://www.insuranceage.co.uk/insight/7956806/folgate-ramps-up-e-trade-limit-for-landlords-products]
2. “Arkel rolls out landlords product on Acturis” – Insurance Age [https://www.insuranceage.co.uk/insight/7956812/arkel-rolls-out-landlords-product-on-acturis]
