Allied World Assurance, a provider of property, casualty and specialty insurance and reinsurance solutions, is set to enhance Standard Lawyers platform of Allied World US, to ease administration and expand coverage offerings.
The enhancements for the coverage of both new and renewal business is expected commence from 1 February.
The enhancements include increased reimbursement for lost earnings coverage; increased disciplinary proceedings; the addition of subpoena coverage; and a modified Consent To Settle provision.
In addition, Allied World US has created an automated renewal underwriting approach which automates the renewal underwriting process for qualifying insureds, enabling the company to release renewal quotes and policies without requiring additional information.
Allied World US senior vice president, Errors and Omissions practice lead Nicole Haggerty said the improvements to renewal processing allow Allied World to alleviate the hassle of a full renewal solicitation and underwriting process for qualifying policyholders, simplifying the process.