Product Design
Work with experts
Available to underwriters
Insight to cultivate your product
Coral can work with insurers and brokers to design and develop an optimal, bespoke legal expenses product design, so it is fit for purpose, both from a business and customer perspective.
We have a strong understanding of the market, customer needs, and changing risk profiles.
Our product design is supported by extensive knowledge, customer insight and best practice on underwriting and pricing strategy. We’ll work collaboratively with you to design and develop a product you’d struggle to find elsewhere.
This service can be bundled with underwriting, or you can choose to underwrite the product yourself if preferred.
If you’re underwriting your own product, we’ll work closely with you to look at your customer needs and how this translates into a viable product.
We have rich data insight into claims propensity, claims ratio, product usage and pricing strategies, so we can guarantee you’ll have the right underwriting approach and strategy, with the result being a product that customers value.
If you’d like to find out more about how we can support your product creation, please get in touch.
