New Eden, is a radical re-imagination of the market for underwriting Solicitor’s Professional Indemnity Insurance and represents a rebalancing of the fundamentals of the insurance world by rewarding well-run commercial entities who are committed to proactively managing their risks. At the heart of our proposition is a robust methodology that understands the components which comprise a well-run firm.
WELCOME TO NEW EDEN
We bring you a game-changing first in a market that has operated in
the same way for years, and has provided few incentives for firms who are doing things the right way. New Eden is designed to appeal to those firms that have not been given due reward by underwriters for the way they run their practices. New Eden focusses on how you run your business, not what you do. And this is the fundamental difference to our approach.
THE NEW EDEN WAY
New Eden has created the first data analytics model for identifying, assessing and qualifying a well-run service-led enterprise, whilst at the same time, providing rich data for insurers to make better informed decisions about risk and potential for claims in the future. The starting point of the whole process are the ‘3 Balance Insight Questionnaires’ completed on the New Eden Portal. This rich data is also fed back to Law Firms, in the form of key management insights to help you maintain a claims-free or low claims environment and culture on a continuous basis.
A SIMPLE AND REWARDING PROPOSITION
Tailored to your organisations’ needs, we provide either a one-year rolling contract or a four-year fixed contract, agreed at that the outset, where the 4th Year’s ‘Primary Premium’ will be refunded at the end of year 4, providing you remain claims-free, or within an agreed claims ratio percentage. New Eden brings harmony, balance and reward to the world of insurance.
SO, WHAT IS REWARDING INSURANCE?
HOW THE NEW EDEN WAY WORKS
Using our SCOPE 360°©® Portal Platform and SUM© (Service Underwriting Model©) Criteria, we show clearly how well a service-led business is being run, focusing on how and not simply what you do.
New Eden has created the first data analytics model for identifying, assessing and qualifying a well-run service-led enterprise, whilst at the same time, providing rich data for both insurers and clients, to make better informed decisions about risk, improving service business development/management and the potential for claims in the future.