Surer partners for new agent indemnity insurance

The coverage protects agents from claims related to their services.

Singapore-based insurtech, Surer, announced a partnership with specialty insurer Fusion Specialty Asia (Singapore) and Aetna Insurance Brokers (Anapi) to release a professional indemnity insurance product in Singapore for general insurance agents.

“While general insurance agents provide advice on professional indemnity insurance for many other professions, there was never a product to protect them from the risks and liabilities they face themselves. I am proud that Surer’s tech capabilities have enabled the tie-up of Fusion’s underwriting expertise with the on-ground knowledge of the customer from Anapi, thus the successful creation of the AgentGuard Pro product,” said Derren Teo, Co-founder of Surer.

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The first-of-its-kind, AgentGuard Pro, offers comprehensive coverage, indemnifying agents against claims arising from the performance of their general insurance agent services. 

The coverage includes inquiry costs, public relations expenses, and costs related to sub-contractors and consultants.