Lexasure, Qornerstone forge partnership to boost real estate risk mitigation products

Insurance products will cater to residents of Singapore and Malaysia.

Lexasure Financial Group and Qornerstone have partnered to develop innovative insurance and risk mitigation products for the real estate, property, and facilities management sectors in Singapore and Malaysia.

The agreement entails Qornerstone, in collaboration with Lexasure and other selected parties, conducting an analysis of its customer ecosystem, which encompasses enterprise, commercial, and residential clients.

This analysis will determine the potential for embedding insurance and financial products within Qornerstone's solutions, utilising dedicated technical resources.

ALSO READ: Lexasure, AgriG8 team up to offer insurance to Indonesian farmers

Within the collaboration, Lexasure will assist in identifying key areas of focus and offering capacity and/or underwriting support for new products and services resulting from the collaboration.

Insurance products will cater to residents and may include coverage for home contents, home helpers, security deposits, tenant insurance, and automotive needs.

Additionally, real estate property managers and owners can benefit from indemnification options for management council members, errors and omissions insurance, and public liability coverage.

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