LONDON, 27 March 2024 - Kova Professions, the MGA established to underwrite Professional Indemnity (PI), is set to charter a new course in the sector with a fresh approach and a commitment to raising standards. Led by CEO Kate Albert, an industry expert with over twenty years of PI expertise, Kova will offer UK PI insurance solutions tailored to mid-market SME businesses across all sectors.
By working hand in hand with brokers as trusted partners and underpinned by a disciplined underwriting process, Kova will leverage cutting-edge technology and deep underwriting experience to ensure the implementation of sound risk management practices. Setting itself apart with innovative coverage options, personalised risk assessments, and responsive claims handling, Kova’s solutions and services are designed for a client-centric approach.
Selective of what it underwrites, Kova’s commitment to quality ensures that it provides superior solutions to clients, safeguarding their interests and maintaining the integrity of its offerings.
Kate Albert said: “The drive behind establishing Kova was to deliver an improved service to brokers. There has been a mounting level of frustration in the market at poor outcomes and unwillingness to actively underwrite in the PI space. Our small, experienced team is empowered to help to address that by making decisions efficiently and without hassle.
“We care about outcomes for our brokers and clients and have seen first-hand the pain points that they experience. Our aim is to remove the frustration surrounding the PI buying process by providing an accessible, streamlined process from start to finish. With our 5-year, A- rated capacity arrangement, we will provide the stability and peace of mind currently lacking in the market.
“Kova provides a no-fuss approach – our professional indemnity product is designed for simplicity and ease and is expertly tailored to buyers’ needs. We are compliance-driven and committed to doing the right thing, especially when it comes to paying valid claims promptly. While our current focus is on mid-sized companies, we will move up to larger businesses as we grow and expand into international markets.”
Kova Professions will open its doors for business with the support of Mission Underwriters, underpinned by a long-term capacity arrangement with a panel of AM Best A- rated capacity providers.
About Kova
Kova Professions is a pioneering MGA specialising in Professional Indemnity (PI) insurance. Focusing on mid-market SME businesses across diverse sectors in the UK, Kova collaborates closely with brokers as strategic partners. Employing a disciplined underwriting process that advocates for sound risk management, Kova delivers bespoke PI insurance solutions, simplifying processes and reducing uncertainty for brokers.
Learn more at: kovaprofessions.com
About Mission Underwriters
Mission Underwriters empowers high-performing underwriters to establish their own specialist insurance MGAs via our team of experts, differentiated technology infrastructure and long-term capacity. We're in the business of nurturing growth and propelling MGAs to evolve beyond the confines of mere incubation. At Mission, we share the same level of commitment as our MGAs in prioritising their customers' experience and satisfaction by offering ongoing tailored support that fosters long-term benefits over short-term gains. Mission Underwriters is backed by Altamont Capital Partners, a private equity firm focused primarily on making long-term, control investments in middle market businesses.
