PROFILE
Agile Underwriting Services Agile Underwriting is a Lloyd’s coverholder and insurtech, writing accident & health, aviation, casualty, cyber, financial lines, and retail travel. It combines traditional underwriting with digital distribution and product development services for brokers. 1300 705 031
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AGILE UNDERWRITING is truly independent, with no external investors. Established by an experienced Lloyd’s and insurtech team in 2015, the agency combines underwriting expertise with deep IT knowledge. Agile is adept at creating technology tools that enable brokers to spend time on relationships, not process. That way, brokers can focus on giving risk management advice to clients, which is where their true value lies. The Powered by Agile online platform empowers brokers to quote and bind business under $3,000 in just two minutes. The portal automates simple, transactional business, which frees brokers to concentrate on being
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trusted advisers to their clients. The platform, which is free for approved brokers to access, offers four ways to transact business. • Traditional broking – use the system to quote and bind for clients. • Give customers access via individual broker URLs so they can bind their own risks, which the broker tracks and monitors via a dashboard. • Build association schemes, which enhance the broker’s income streams. • Build an independent online brand and
market white-label products using API connectivity, backed by Agile’s technology. For more complex risks, Agile’s underwriting teams work in tandem with brokers to create bespoke solutions written on a risk-by-risk basis. The depth of London market knowledge among the underwriting team means they can find ways to write risks rather than reject business. Agile is always seeking new binding authorities to provide solutions for brokers’ clients’ needs. Agile boasts 11 binders, providing broad capacity across Lloyd’s syndicates and London market companies. Agile’s in-house TPA, Claim Services, manages all claims.
NATE SOMMER, GENERAL MANAGER – CASUALTY AGILE BY name and agile by nature – that’s how Nate Sommer views the agency he joined in December 2019 to establish a casualty portfolio with an appetite for general liability risks. Sommer says broker response to the portfolio has been “phenomenal”, and he’s extremely happy with its growth so far, given the tough year that was 2020. The portfolio initially focused on trades, manufacturing, scaffolding and wholesaling, but Sommer is now broadening its reach, with a focus on creating unique, bespoke products. The three-member casualty team works hand-in-hand with brokers to develop specific programs for complex risks. While brokers can easily use the Powered by Agile platform for commodity-style risks, Sommer promotes interaction with brokers
for complex risks. “We have one-on-one chats with brokers by phone and Zoom and have reintroduced personal visits,” he says. Despite the constraints of the COVID-19 pandemic, the casualty team used technology to ensure they maintained face-to-face contact with brokers. Agile specialises in creating casualty facilities for specific trade, industry and professional groups and member bodies. For example, Sommer is working with a broker to create a program for an industry association, offering broad coverage – the market standard with “extra bells and whistles” – and competitive premiums. In 2021, Agile is launching a combined accident & health, liability, cyber, and general property cover for white-collar remote
workers in response to market need. Sommer has more than two decades of insurance experience, having started as a broker at age 17. He has worked with general insurers and Lloyd’s coverholders and is a customer-centric underwriter who thrives on providing tailored casualty products for brokers and their clients. He has a deep understanding of contract law and industry regulations across a broad gamut of professions and occupations and was named Underwriting Agency BDM of the Year at the 2019 Insurance Business Australia Awards. “Underwriting is my forte; I’m passionate about it and about casualty,” Sommer says. “No two risks are the same. I have learned so much about so many different industries and occupations.”
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