About Us
The Expert’s Specialist Underwriter
Platinum Specialty Underwriters is a Managing General Underwriter platform distributing through the Wholesale channel. The platform focuses on leading service technology combined with expert underwriting, claims management, loss inspection, and actuarial analysis to assure partner insurance company’s low loss ratios. Platinum invests in underwriting teams and underwriting businesses with a collaborative entrepreneurial culture.
Platinum is always interested in supplying a platform for underwriting Teams that want to get out of the corporate bureaucracy and get to an entrepreneurial environment that allows them to control their risk portfolio and have a stake in their own success.
Platinum invests in MGA’s that want additional distribution clout, a digital platform and access to more insurance capital. This allows the MGA to get paid for much of the value they have created, maintain their entrepreneurial culture, and gain a stake for additional value in a new Partnership to drive greater business success from their firm.
Our pillars
An increasingly complex world is creating new challenges and opportunities in wholesale specialty insurance. At Platinum we know how to identify and deliver on new opportunities with our underwriting products and services.
That’s because we know specialist industries like no other. Our exclusive underwriting is delivered by experts – who utilize superior analysis – to accelerate business in complex markets.
Like you, we specialize. And our specialism is solving more challenging risks that others find too challenging.
When it gets complicated, you need rare expertise and fit-for-purpose products to answer unique questions. You need Platinum, the specialist underwriting experts.
ENTREPRENEURIAL SPIRIT
Today’s business world is built on entrepreneurialism. New industries and industry segments are constantly emerging, but new niches in these industries and segments often struggle to find suitable insurance products.
Platinum tackles segments of the market that have not had enough attention from the insurance sector. In doing so, we provide coverage for businesses that struggle to find coverage.
These businesses need an entrepreneurial partner – one with an entrepreneurial spirit that looks for industry gaps to support complex and challenging businesses. Platinum is that entrepreneurial partner.
Platinum welcomes complex situations and uses its superior market knowledge to create managing general agents from scratch – adapting and iterating where needed.
With our specialist expertise, we think creatively and deal with complex business needs, becoming the partner that enables new and complex niches to succeed.
SPECIALIST EXPERTS
Platinum’s specialist expertise refers to both our knowledge of specific industries and the type of risks they face.
Complex insurance can be fraught with anxiety, because “complex” comes with risks. Platinum understands new, complex industries, knowing exactly what the risks are. This enables us to provide specialist cover for all business activities, as well as products both within insurance and brokerage companies.
We understand complex industries because our employees are people who have worked within niche markets. We’re deeply involved in the subject matter, which allows us to be creative in the products we create. But understanding the risk is only part of our specialist expertise.
We also create the necessary insurance product to cover the risk, enabling companies to not only operate their business, but to address specific needs, so they can operate profitably.
In addition, we provide expertise in handling any necessary claims. We understand the complexity of the claims being made and will respond quickly and proactively.
SUPERIOR SYSTEMS AND ANALYSIS
Central to successful underwriting is being closer to the inner working of active supply.
Platinum’s closeness comes from constant monitoring. We use our data to serve our customers and niche markets. We consistently and proactively measure how we’re performing to ensure we can continue to deliver a fast and efficient service. This closeness gives insurance companies the confidence to outsource almost everything to us – from actuarial analysis and claims, to loss inspections and submissions analysis. Platinum does it all.
The ability to do all of this becomes of direct value to our brokerage clients and insurance partners. Having data that we can analyze and evaluate means we can make the right underwriting decisions, which means we can continue to make a market for our customers.
SUPPORTING CLIENTS WITH ACCELERATED SERVICE
People often forget the service element of the insurance industry, but relationships are fundamental to success – both at the beginning and throughout the transaction.
Platinum builds wholesaler relationships, so that when business comes in, we are ready to go.
Our commitment to a superior service means that we consistently deliver market-leading turnarounds, binding business faster and making our clients shine in front of their customers.
And we are always at the end of the phone.
Our service ethos applies to settlements too. We believe that the longer a claim is outstanding, the worse it becomes for everyone. So, we settle claims as early as possible, setting us apart in the industry.
