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HSB rolls out new products on e-trade platforms

HSB rolls out new products on e-trade platforms | Insurance Business UK

HSB rolls out new products on e-trade platforms

Specialist engineering and technology insurer HSB (UK and Ireland) has extended its suite of e-trade products available to brokers with the launch of engineering inspection and equipment breakdown products on the company’s e-trade platforms in the UK.

The two offerings, called Inspection Services and Machinery and Technology Combined, are both available not only on the in-house portal HSB Fast Track, but on Acturis as well.

“The launch of these two products further demonstrates our commitment to making engineering insurance and inspection products easier to trade,” said Martin Parker, head of digital trading at HSB.    

Serviced via HSB’s network of engineer surveyors, the Inspection Services product provides periodic engineering inspections to businesses in compliance with applicable health and safety legislation. Machinery and Technology Combined, which also includes inspection services, covers equipment breakdown risks.

“Periodic engineering inspections of workplace plant, machinery, and equipment form a vital part of an employer’s duty to ensure conformity to health and safety regulatory requirements,” noted Parker.

“However, engineering inspection services can be seen as complex and time-consuming to trade by brokers. HSB’s e-trade products are designed to make this process simpler by enabling brokers to select equipment, quote, and bind with ease.”

Part of Munich Re, HSB has been investing in online trading since 2019.