New underwriting agency Qiducia, led by industry veteran Sam Greco, is confident it can hold its own in the tough owner-builder warranty insurance market.

The agency began operating commercially in December and Mr Greco, the company’s principal, says he is encouraged by results so far.

“The whole idea of the underwriting agency is very much to reposition owner-builder as a profitable, easy-to-use or easy-to-do insurance,” he told insuranceNEWS.com.au.

“What we bring to the table is the security, the product itself and the pricing, which we don’t doubt is market-leading.”

Head of Underwriting Maha Raslan says the agency is run by “experienced people who understand the market”.