World monetary companies supplier Apex Group has introduced the launch of fund-insurance platform, Apex Defend, in partnership with specialty insurer Mosaic Insurance coverage and Aon.
Apex Defend presents enhanced administrators and officers (D&O) protection for funds, factoring ESG credentials, supplied by Apex ESG Make investments Test, into the insurance coverage threat evaluation. The initiative utilises Mosaic’s insurtech platform whereas leveraging Aon’s experience and substantial footprint.
David Carrick, CFO of Apex Group, commented, “We’re excited to be partnering with Mosaic Insurance coverage to supply Apex Defend, an modern resolution able to linking ESG scores with specialised underwriting for our shoppers by Mosaic’s bespoke digital platform.
“Apex Defend is a robust proposition, combining Mosaic’s skilled underwriting workforce and dealer companions, with Apex Group’s market-leading ESG companies to assist establish and cut back monetary and non-financial dangers throughout funds.”
Liam Jones, Strategic Development Officer at Mosaic, added, “We’re proud to accomplice with Apex Group on this modern providing that showcases what a real risk-first insurtech can do on this area.
“It is a ground-breaking method that mixes our revolutionary expertise, market-leading D&O protection, and claims companies knowledgeable by ever-important ESG threat understanding that permits goal shopper differentiation. We’re thrilled Apex shoppers would be the first to profit from this functionality.”
In the meantime, Christine Williams, World Specialty Product Chief at Aon, stated, “Lowering the frictional burden and price while rising the transparency of buying fund-level D&O insurance coverage is a vital step in the direction of driving innovation on this trade for shoppers.
“That is an thrilling step on this journey, and we’re thrilled to be partnering with each Apex and Mosaic to ship this modern resolution.”