Universal Fire & Casualty Insurance Company (UFCIC) currently underwrites commercial property, general liability, business owner’s package (BOP), commercial multi-peril (CMP), and inland marine products. UFCIC targets those risks that are managed in such a way that they deserve to qualify for, and enjoy, the additional advantages in security and coverage offered by an admitted product.
While the surplus market, as a last resort channel, can provide a reduced coverage form at a higher price to profitably underwrite risks declined by the admitted market, UFCIC turns this dynamic upside down. Via a higher standard of acceptance, expert underwriting rules, advanced analytics, and external data sources to supplement standard risk information, the majority of UFCIC’s target business can “graduate” from the surplus lines and be provided with a superior coverage form in the admitted marketplace.
While many admitted insurers’ risk appetites ebb and flow in tandem and find themselves chasing the same risks based on price, UFCIC’s target is that overlooked small well managed business that is stable, has consistent operations, has proven concern with risk management, a demonstrated ability to finance and maintain its operations, and has management and ownership with experience and quality of character.
UFCIC’s risk selection and underwriting process is rigorous and facilitated by cutting-edge technology that our distributors use via a web-based portal to rate, quote, bind, and issue the policy through an approval process overseen by complex business rules, automation, and overseen by state-of-the-art artificial intelligence, Big Data, and underwriter assisted processes.
Company Details
- Employees
- 57
- Founded
- -
- Address
- 2121 Airport Road, Waterford,mi 48327,united States
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- http://www.ufcic.com
- Keywords
- Insurance, Property & Casualty, Insurtech, General Liability, Inland Marine, BOP, CMP, Surplus Lines, Admitted Lines, Surety, Commercial Property.
- HQ
- Waterford, MI
Universal Fire & Casualty Insurance Company Questions
Universal Fire & Casualty Insurance Company's website is http://www.ufcic.com
Universal Fire & Casualty Insurance Company's LinkedIn profile is https://www.linkedin.com/company/ufcic
Universal Fire & Casualty Insurance Company has
57 employees.
View email and phone details for 57
employees at Universal Fire & Casualty Insurance Company.
Universal Fire & Casualty Insurance Company's industry is
Insurance
Universal Fire & Casualty Insurance Company's top competitors are
Nationwide,
Zurich North America,
Root Inc.,
Grange Insurance,
Central Insurance,
Century Insurance Group,
Universal Shield Insurance Group,
Usg Insurance Services, Inc.,
Travelers,
Westfield Insurance.
Universal Fire & Casualty Insurance Company's categories are Insurance
Universal Fire & Casualty Insurance Company's founding year is 2003
