UK-based FinTech Stubben Edge Group and Pulse Insurance have launched Specialist Life insurance coverage, delivered through Stubben Edge’s Guernsey-based subsidiary, 1Edge Insurance PCC.
The coverage, which will be delivered in collaboration with De Hoop, a Netherlands based reinsurer, aims to ultimately fill a critical gap that often fails to address insurance needs for specific individuals.
The product will provide cover for individuals across a range of pre-existing medical conditions, including cancers, heart conditions, mental health challenges, high BMI, cystic fibrosis, organ transplants, HIV and long Covid.
It will be focused on UK residents, with a maximum sum assured of £850,000 for a maximum term of 10 years.
1Edge will be the underwriters for the newly launched product, with Pulse Insurance acting as the UK broker and De Hoop as the reinsurer.
Commenting on the launch of the new product, Stubben Edge group deputy CEO Karen Barretto says: "We are excited to extend our support to individuals whose difficult personal circumstances mean they often encounter challenges in obtaining insurance coverage.
She adds: “Through 1Edge’s technological advancements and partnership with Pulse Insurance and De Hoop, Stubben Edge Group is proud to offer an accessible solution during a critical juncture in customers’ lives.”
