Procover Professional Indemnity insurance auto-renewals now available through the automated SCTP

Procover’s fully automated Professional Indemnity (PI) insurance product on the Steadfast Client Trading Platform (SCTP) has been expanded to include renewals.
It means waiting times for generating renewal terms are a thing of the past, and placing ongoing business is more efficient than ever.
Over the past year, brokers have enjoyed the new efficiency of Procover’s fully automated Professional Indemnity (PI) insurance product since it launched on the SCTP.

Now it’s even quicker and easier, with the expansion to include automated renewals.

Procover Professional Lines Underwriter Ann Osifo, who oversees the agency’s SCTP presence, says renewal terms for Professional Indemnity Insurance are now issued automatically by the platform.

There’s no longer any need for brokers to generate them, putting time back in their hands.

Further developments in the works

At this stage, the agency’s SCTP PI product is still only available for miscellaneous professionals with risks that fit the online criteria and aren’t referred by the system to an underwriter for further review.

Procover is currently working to lift the referral for some real estate occupations, so watch this space.

Ann says the team continues to automate the PI product for other occupations and refine the user experience.

“We are always trying to implement changes to make life easier for brokers. While there are some restrictions to what we can change, we welcome suggestions to help us make life easier.”

Meet the underwriter

Ann, who joined Procover in 2020, previously worked at other Steadfast Underwriting Agencies, including Miramar Underwriting Agency Pty Ltd, Hostsure Underwriting Agency Pty Ltd and Winsure Underwriting Pty Ltd.

Ann works across new business, mid-term adjustments, and renewals. She also works with the SCTP development team to implement changes and new products on the platform.

Like many, Ann fell into insurance, working as a reinsurance locality clerk at AMP after high school.

After studying nursing at university, she returned to insurance as an underwriting assistant in construction and engineering at MMI before moving into industrial special risks (ISR).

A stint in the global accounts team, doing liability and ISR underwriting at Chubb followed before Ann joined JUA Underwriting, where she underwrote property, liability and contingency covers.

Here to help

If you’re new to the SCTP, training can be provided to help you get up to speed with the system. For more information about the Procover PI product on the SCTP, or our Procover products in general, you can call us on 02 9307 6600 or visit our website to find the contact details for our underwriting team.

Procover Underwriting Agency Pty Ltd (an AR of Miramar Underwriting Agency Pty Ltd) acts under binding authorities as agent for the insurers, certain underwriters at Lloyd’s.