Azure Risk Limited (Azure Risk), a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its licence by the Hong Kong Insurance Authority. It is now able to expand its offering to include insurance for Trade Credit, Bonds, Financial Lines, Cyber, Keyman, Group Life, Medical and Films & Events.
Today’s announcement gives the green light for Azure Risk to move into the second phase of its ambitious growth plan.
Director Anmol Sawlani said, “By providing multi-line insurance solutions on our digital platform, we can build on our recent achievements and grow our business in new sectors. 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 programmes which distinguish themselves in this market and take full advantage of our expanded product offering.”
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.