LISA Seguros and I4E launch fire and damage cover for complex industrial risks

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LISA Seguros and I4E Assuradeuren have teamed up on property damage and fire cover for industrial companies with revenue between €5 million and €100 million, especially in recycling, chemicals, biopharma, wood and plastics. The premise is that being in a risky sector should not, by itself, decide whether a business is insurable. Each site gets looked at individually, which is roughly what one hopes insurance involves anyway.

I4E, a Rotterdam-based Dutch underwriting agency with delegated authority, handles underwriting and risk selection, and terms depend on its engineering review. LISA supplies the technology to manage and document the risk, plus distribution through its partner network. Depending on the site, a digital twin can draw on video assessments, weather data, geolocation and monitoring devices. Pilar Andrade, LISA's CEO and co-founder, said the technology lets each risk be judged "by its reality".

The product is sold only through brokers. A quote starts from a damage questionnaire, a photo of the risk and fire-prevention paperwork. Cover may extend to sites across the European Economic Area. An online launch for brokers is set for 17 September at 9:30.