Abacus AU
Streamlined digital solutions for SME property risks
Abacus AU specializes in serving the SME and Programs sectors traditionally accessed through delegated authority arrangements. For reinsurers and carriers, entering this sector requires significant investment in underwriting expertise, support services, and systems. However, by leveraging our extensive experience in the delegated authority market, we have developed a tailored underwriting platform – Abacus – that streamlines processes, enhances control, discipline and transparency throughout the distribution chain. Furthermore, Abacus reduces operational costs, addresses challenges in managing multiple delegated authority arrangements and provides capacity partners with seamless access to this dynamic market.
SME and Programmes Sector
With extensive experience in the U.S. Excess and Surplus Lines (E&S) market, Abacus AU partners with wholesale brokers to provide non-admitted coverage for retail producers unable to access admitted insurers for their SME clients.
We typically work with small businesses that employ a limited number of employees and present similar underwriting processes, risk assessment and policy coverages across the portfolio.
Capacity, expertise, and controls are crucial factors. A portfolio consisting of high-volume, low-value transactions demands robust underwriting controls and validation to ensure alignment with the capacity provider’s risk appetite and strategic objectives within the sector.
Abacus has a number of distinctive features:
- 24/7 underwriting access through the Abacus AU portal.
- Low manual data entry and manual workflow.
- Comprehensive in portal messaging and information exchanges to support underwriting decisions.
- Immediate clearance and qualification feedback to brokers.
- A market leading quote and bind journey time.
- Real-time management of distribution, exposures and capacity.
- Defined risk appetite and post-bind validation to ensure portfolio quality control.
- Continuous market pricing analytics and trending feedback to brokers.
- Comprehensive data-services at policy level to all stakeholders.
Risk appetite and product highlights
General commercial property risks, including.
- Retail
- Property Owners
- Habitational
- Hospitality
- Offices
- Mercantile
- Professional Services
Maximum total insured values any one policy $2.5M.
Covering Buildings, Business Income and Business Personal Property with enhancement options.
Standard E&S coverage forms.
Distribution Partners
Our distribution partners are usually specialized wholesale brokers with local knowledge seeking a capacity partner with a strong underwriting platform combining contract binding and brokerage expertise.
Capacity partners
Reinsurance and insurer partners seeking profitable, sustainable access to the SME sector can leverage our long-term market presence, reducing the need for infrastructure and expertise while mitigating the risks in managing traditional delegated authority portfolios.
