Chartis has announced the release of a new management liability product that it claims is an Australian “first”.

The PrivateEdge program, to be offered via the Sunrise Exchange platform, offers brokers a one-stop-shop ranging from quotes to invoices and renewals in one online transaction.

Chartis Regional Manager Financial Lines Michael Pryce says this is the first time an insurer has offered such a program through the Sunrise platform.

He says PrivateEdge allows brokers and clients to select only the covers and limits required –either an aggregate limit or separate towers.

“Historically, insurers have only offered brokers one management liability policy with all sections under one aggregate limit,” he said. “Our findings indicate clients only wish to arrange and pay for the covers and limits that they actually need.”

He says Chartis has been “able to de-construct the policy wording to offer our clients and brokers what they need and want”.