Peach partners with specialized insurance carriers to create tailored insurance products for specific customer segments. They design and distribute these niche insurance offerings, providing customers with more relevant and affordable coverage options.
Funding
Funding not disclosed
Founders
Product
Problem
Small to medium-sized enterprises (SMEs) often face challenges in finding tailored commercial insurance products that adequately address their specific risks and operational needs. Many standard insurance offerings lack the flexibility to adapt to the unique requirements of niche industries or emerging sectors, leaving businesses with inadequate coverage or unnecessary expenses.
Solution
Peach provides specialized commercial insurance solutions by partnering with brokers and MGAs to co-create tailored products for specific customer segments. Leveraging a heritage in the pharmacy sector, Peach offers expertise in understanding emerging risks and delivering flexible schemes solutions. The company focuses on building collaborative relationships with its partners to develop insurance offerings that meet the unique needs of SMEs, providing them with robust coverage and dedicated claims support. Peach's approach emphasizes agility and responsiveness, enabling quick decisions and customized solutions for its clients.
Target Audience
Peach primarily serves SMEs across various sectors, with a particular focus on health, wellbeing, and lifestyle businesses, and partners with brokers and MGAs who support these businesses.
Features
- Collaborative product development with brokers and MGAs to create tailored insurance schemes.
- Specialization in health, wellbeing, and lifestyle sectors, with a deep understanding of emerging risks.
- Agile decision-making processes for quick and informed responses to client needs.
- Award-winning claims support with access to a dedicated lawyer for claims assistance.
- Flexible coverage options for Professional Indemnity, Liability, and Property/BI Insurances.
- Capacity to support both smaller delegated authorities and larger insurance schemes.