Surer partners with insurer Fusion and broker Anapi to offer AgentGuard Pro, a first-in-market General Insurance Agent Professional Indemnity Insurance

[This policy was previously underwritten by Fusion Specialty Asia (Singapore) Pte Ltd (“Fusion”) and now underwritten by Markel International Singapore Pte Ltd (“Markel”) w.e.f. 1 June 2024]

In a tripartite partnership between Surer, Fusion and Anapi, General Insurance Agents can now purchase Fusion’s General Insurance Agent Professional Indemnity Insurance through Anapi via Surer’s insurtech platform.

Singapore, 9 April 2024 – Local insurtech Surer today announced a tripartite partnership with specialty insurer Fusion Specialty Asia (Singapore) Pte Ltd (“Fusion”) and Aetna Insurance Brokers Pte Ltd (“Anapi”) that allows General Insurance Agents to purchase a first-in-market Professional Indemnity insurance product in Singapore. 

Called AgentGuard Pro, the policy will indemnify agents against claims arising from the performance of their general insurance agent services. Coverage includes inquiry costs, public relations expenses and sub-contractors and consultants costs.

The partnership leveraged the strength of each business to successfully create the AgentGuard Pro product. Fusion specialises in underwriting specialty insurance products including professional indemnity while Anapi has a strong background in multi-specialty insurance and brokers who can offer clear advisory. Surer will provide the tech platform to supercharge the workflow and processes between the two companies to enable a seamless distribution process; from instant quotation to policy binding and issuance.

“This tripartite partnership is heartening for me because it showcases how the industry can work together to protect players within our own ecosystem. 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 onground knowledge of the customer from Anapi, thus the successful creation of the AgentGuard Pro product.” said Derren Teo, Co-founder, Surer.

Damian Lynch, Managing Partner Financial Lines, Fusion, concurred – “Fusion is proud to collaborate with Surer and Anapi. We have always prided ourselves as a company of ‘firsts’ and have done so again by launching Singapore’s first ever Professional Indemnity insurance for General Insurance Agents. We believe this product will help General Insurance Agents better safeguard their profession, reputation and ultimately, secure their peace of mind.”

“We are pleased to play our part in the creation of the AgentGuard Pro product which we believe will provide Insurance Agents who sell and advise on general insurance products get robust professional indemnity coverage tailored specifically for their profession through a simple underwriting process with fair and affordable premiums” said Andrew Lai, Chief Operating Officer, Anapi.

General Insurance Agents interested in purchasing the AgentGuard Pro insurance can reach out to Anapi to find out more or purchase directly from them via its Surer generated website https://anapi.surer.me.