Swiss Re Corporate Solutions Launches Workers’ Comp for Mid-Sized Businesses

With coverage by Swiss Re Elevate, the offering initially targeting the U.S. hospitality, manufacturing, professional services, real estate and wholesale/retail segments through brokers.

(Image source: Swiss Re Elevate homepage.)

Swiss Re Corporate Solutions (Zurich), has introduced a workers’ compensation insurance product to mid-sized businesses in the U.S. through Elevate, the company’s middle market solution. Elevate Workers Compensation is now available through the broker market, initially targeting the hospitality, manufacturing, professional services, real estate and wholesale/retail segments.

Walt Sykes, Head Middle Corporate Business North America, Swiss Re Corporate Solutions.

“With the introduction of Workers Compensation, brokers can source most of the primary P&C coverages their clients need from one place,” comments Walt Sykes, Head Middle Corporate Business North America, Swiss Re Corporate Solutions. “We are excited to provide this new protection as we continue to add to our suite of products and industry enhancements.”

Workers Compensation is the latest product from Elevate, joining Property and General Liability, launched earlier this year, and is backed by the Swiss Re Group and Swiss Re Corporate Solutions’ A+ rating (A.M. Best).

More Time Advising Clients

Katarina Scamborova, Head Standard Propositions North America, Swiss Re Corporate Solutions.

“Leveraging the expertise of our team, technology and smart data, Elevate streamlines the underwriting process for Workers Compensation,” says Katarina Scamborova, Head Standard Propositions North America, Swiss Re Corporate Solutions. “By reducing the time our broker partners have to spend quoting and binding coverage, Elevate allows them to spend more time advising their clients.”

Elevate Workers Compensation insurance is available in Alabama, Arizona, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Mississippi, Nebraska, New Mexico, North Carolina, Ohio (Stop Gap), Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah and Virginia, with more states coming online soon, according to a Swiss Re statement.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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