Azure Risk Ltd., a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its license by the Hong Kong Insurance Authority.
As a result, the broker has expanded its offering to include insurance for trade credit, bonds, financial lines, cyber, keyman, group life, medical and films & events.
The announcement gives the company the green light to move into the second phase of its ambitious growth plan, said Azure Risk.
“By providing multi-line insurance solutions on our digital platform, we can build on our recent achievements and grow our business in new sectors,” commented Director Anmol Sawlani.
“But I am mindful that our future success will be determined by our ability to provide meaningful solutions to our clients. We are determined to introduce efficient risk management and insurance programs which distinguish themselves in this market and take full advantage of our expanded product offering,” Sawlani added.
The company’s new products will be transacted on Azure Risk’s digital platform, Catalyst, in addition to the existing marine cargo and freight forwarders liability offerings.
Source: Azure Risk Ltd.
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