SageSure has made a significant move by acquiring the earthquake risk underwriting segment previously managed by GeoVera Advantage Insurance Services LLC.
This acquisition underscores SageSure’s dedication to strengthening its operations in regions that face the threat of natural disasters.
Expansion of Insurance Portfolio
With this new addition, SageSure aims to enhance its insurance portfolio, particularly in addressing the intricacies of earthquake risks.
The integration of GeoVera’s expertise and resources will allow SageSure to expand its services, ultimately benefiting customers living in areas prone to seismic events.
Strategic Acquisition
This strategic acquisition is a testament to SageSure’s forward-thinking approach, as the company responds to the growing need for specialized insurance coverage.
The rising concerns about natural disasters have made such coverage increasingly vital.
Improving Underwriting Practices
SageSure is excited about the potential to improve underwriting practices and offer better support to policyholders across these vulnerable markets.
Source: News.ambest.com