BuildCapital
Insurance
Commercial cover meant to be written by us, or through a partner carrier, limited to the risks our other platforms already understand, and priced by the same desk that tells credit whether the premium can be financed.
A risk our other platforms already understand: the site, the books, the loss history, and the owner.
Cover written by us, or through a partner carrier, limited to scenarios our platforms already understand.
Insurance is one of the five lines the holding company is built to run, and it is limited on purpose. The aim is to write cover ourselves, or through a partner carrier, only for the scenarios our lending and specialty finance platforms already read: the business that finances its premium, the operator with work under contract, the storefront held as performing property.
The underwriting desk, on the same file that tells credit whether the premium can be financed.
The desk belongs to the holding company, not to the platform, and it keeps one file for two jobs, so the read that prices the risk is the read that tells credit whether the premium can be financed. Where a business finances that premium, the loan sits on the unearned premium, and the desk’s read of the policy and the insured is the read the premium finance platform underwrites against.
Underwriting, in-house audit, risk assessment, and active asset management.
Every policy is meant to sit on the same four controls as every other asset we hold: underwriting before capital moves, in-house audit of how the book performs, a risk assessment of how the scenario fails before the risk is priced, and active management of the book day to day.
In research, moving to structured; which carrier model the desk would write through is still being chosen. Not formed, not an offer.
Cover
A risk read before it is priced.
Cover for a business the platforms already understand, read from the site, the books, the loss history, and the owner before the risk is priced.
By trade
The trades the other platforms already know.
Owners, operators and fleets, and main street: the industries our lending and finance platforms already read, so the desk prices a risk it knows.
Bundled
Cover and its finance, read once.
Cover bundled with the finance, so premium finance and the underwriting desk are meant to work from one file and a business gets both from one read.
Where the work happens, read by the platforms built to finance the equipment on it and the contract it serves.
The revenue and the receivables our lending platforms are built to underwrite, so the premium is priced against a file we hold, not a figure we are told.
What has already gone wrong on the risk, assessed for how the scenario fails before the risk is priced.
How the business is run day to day, the same read the desk gives a borrower before capital moves.