Insurance - Mumbai, Maharashtra, India
Biometric Underwriting GmbH (www.biometric-underwriting.de/en/) was founded in Hamburg in 2016, and is the developer of a radical new concept of occupational income protection.This was made possible by completely rethinking income protection. Rather than seeing it only as a life insurance, Biometric thought to offer it via a group tariff through the employer, protecting the employee against a potential loss of earnings. What's more, Biometric developed the concept with big international companies, and with its status as Coverholder at Lloyd‘s of London, it is able to offer occupational income protection products to a geographically unlimited region, as well as offering consulting and program structuring services to insurers all over the world. Being a cover holder at Lloyd's of London, Biometric is subject to the strictest regulatory requirements and is extensively audited annually. As a result, Lloyd's of London stands behind BU with its Chain of Security – the strongest financial security network in the insurance world. BIOMETRIC IN ASIAIt's not just in Europe that there are major gaps in the protection against occupational disability. That is why Biometric is focused on expansion from the start, including in the Asia-Pacific region (APAC). The contracts with Lloyd‘s ensure Biometric's unparalleled reach within the EU as well as in the APAC region. The initial countries in APAC with Biometric's local presence will be Singapore and India. In these APAC countries, Biometric will work with local insurers to bring in a new concept of occupational disability insurance for income protection via employer group insurance or rider concepts attached to other insurances, loans or credit cards.
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