We are delighted to announce that iSure is entering a new growth phase with our Professional Indemnity proposition, with a significant expansion in capacity and the signing of a long-term, three year deal with A-rated capacity, Great American.
The facility provides limits of EUR 2.5m primary and EUR 5m excess of loss, covering a wide range of professional and financial lines risks. The expansion marks another milestone in the growth of our PI portfolio, which has seen rapid expansion since its launch just two years ago.
Careful portfolio management, underpinned by data-driven underwriting, has helped the business secure long-term support from one of the most respected names in the market.
Sustainable Growth in PI
While PI rates have broadly softened in recent months, iSure’s disciplined approach has created a sustainable platform for growth. Terry Dunne, Senior PI Underwriter at iSure, said, “Securing long-term capacity with a quality partner like Great American is a huge endorsement of our strategy, our use of data and technology and our proven portfolio performance.”
Having doubled GWP since our launch and widened our broker distribution considerably, Terry believes that this partnership expansion will enable iSure to continue to expand and diversify our portfolio, with brokers set to directly benefit.
Putting Brokers at the Centre
Alongside the renewed capacity, iSure is pleased to announce an increase in broker commissions across the board, a move that reflects our commitment to our distribution partners and long-term market presence.
Terry said, “It’s great news for brokers and another step forward in our ambition to become one of the most recognisable and trusted Commercial Insurance names in the Irish market.”
Sean Murray, CEO of iSure, added that the renewal reinforces the company’s broader vision, combining specialist expertise and highly rated carrier support, to ensure we can continue to deliver specialist solutions and market-leading capacity to our broker partners.
Sean said, “Our goal is to give brokers the confidence and tools to grow their businesses alongside us, while building a platform of trust and consistent growth across the Irish SME insurance market.”
With strengthened capacity, increased broker commissions and a growing PI portfolio, iSure is building strong momentum as we look ahead to our next chapter of growth.
