Expanding our product portfolio
More than 10 new products launched in 2022 despite market disruption
Saying that 2022 was a challenging year in the insurance industry would be an understatement.
Recent insolvencies and non-renewals by other coastal competitors have had compounding implications across SageSure markets. To provide long-term coastal property insurance solutions in tough markets, we made decisions throughout the year to suspend new business and responsibly manage exposure in some markets. We never take these decisions lightly, because we know they have implications for your business.
Through these challenges, we’re committed to being your number one partner. Even with all the disruption, we were able to launch more than 10 new products this year.
New personal lines products:
- Alabama SURE HO-3/HO-5
- Alabama SafePort HO-3
- Mississippi SURE HO-3/HO-5
- Mississippi SafePort HO-3
- South Carolina SURE HO-3/HO-5
- North Carolina SURE HO-3
- New York SureChoice HO-3
- New York SureChoice DP3
- Texas Flood
New commercial lines products:
- Virginia SafePort BOP
- Texas SURE BOP
- Louisiana SURE BOP
Besides bringing additional capacity, we’ve also been working for you in other ways. We’ve leveraged your feedback and implemented enhancements to Agent Portal and MySageSure, making it easier and faster for you to quote and manage your policies. We took four lucky producers and their guests on a once-in-a-lifetime trip to Iceland as part of our annual sweepstakes. We continue to reward our top-performing producers in the SageSure PowerUp Program with perks like exclusive access to products during times of limited capacity.
It’s been a tough year. There will always be challenges in the markets we serve, but we’re built for these challenges, and we’re confident decisions we made this year will position us to be your long-term partner in coastal states.