We translate the understanding of complex construction project and new technology risks into an engineering-led underwriting approach. We use our risk assessment tools (RAT) to standardise the grading criteria, which assures the underwriting consistency which each producer expects to receive.
Engineering Lines
Our Approach
UNDERWRITING STRATEGY
- EEA Direct Insurance
- Facultative mainly Spanish interests abroad, Latam and Africa.
- Minimum Premium: €7.500 (our share)
POLICY LIMITS & FORMS
DIRECT: up to €50m capacity.
FACULTATIVE: up to €50m on open-market basis and sourced by preferential capacity partners (Reinsurers and MGAs) where Andawrite occasionally acts as business introducer.
Product Description
Our products are single risks of pre-selected Construction companies and also turnover policies after checking their technical and financial abilities. We follow defined risk selection criteria applying a minimum risk grading of “average” to our product offering.
CONSTRUCTION
Construction and Erection All Risk
Liability
Advance Loss of Profit
1st year of Operation
OTHER ENGINEERING LINES
Completed Civil Works
Machinery Breakdown
Computer/Electronic Risks
Cyber Risks
Application
AndaSME Insurance Coverholder
AndaTECH Facultative Broking Services
AndaSPEC Specialty Lines (Direct & Facultative)
Why choosing Andawrite?
We operate only with specialized Underwriters capable to influence underwriting upfront.
We partner with reputational European insurers committed to the market we operate in.
We offer access to first-class Reinsurers interested in working strategically with Andawrite.
We facilitate the access to a platform of valuable Risk and Loss Control Management.