Within all lines of insurance, a provider’s services become redundant without the support of a financially stable and committed underwriter.
An underwriter in the staff absence insurance sector supplies the provider with the financial capacity to pay school’s claims. Therefore, having a reputable underwriter with a good credit rating is imperative in allowing the provider to meet its financial obligations.
It is not uncommon in the staff absence insurance market for providers to be misleading, or even dishonest in relation to the level of cover they offer or the credit rating of the insurer that underwrites their policies.
Therefore, when taking out an insurance policy it is worth asking...
Which insurer underwrites your policy?
What credit rating do they have?
Can you provide documentation to demonstrate their ability to pay claims?
To address this issue, our policy is underwritten by XL Catlin Insurance Company UK Limited, part of the AXA XL Group. AXA XL is one of the world’s leading insurance organisations focused on P&C (non- life) insurance and reinsurance activities. Their companies have strong relationships with the world’s leading global, regional and independent brokers.
XL Catlin Insurance Company UK Limited has the following financial strength ratings: Standard and Poor's AA-, A.M Best A+. This ensures our policy is one of the most financially secure available.
Our relationship with XL Catlin Insurance Company UK Limited means our clients will benefit from the support of a financially stable and flexible insurer, and can rest assured that we have the capacity to settle all valid claims swiftly and efficiently.