Recognition in Greek Insurance Intermediation

Recognition in Greek Insurance Intermediation

George Karavias was named a Distinguished Leader in Greek Insurance Intermediation.

Karavias Underwriting Agency – Surety Insurance

With an innovative product built on micro-underwriting, Karavias Underwriting Agency entered the surety insurance market and opened up a new opportunity for insurance intermediaries through a different model from traditional procedures.

The company’s successful track record in managing binding authorities established the basis of trust for this new product. Surety bonds are essential to many businesses in transactions with the public sector. Previously, their issuance had largely been a financial service provided by banks.

The new product addresses all types of surety bonds. Its innovation lies in a dedicated online platform handling pre-approval, underwriting, issuance and claims management, supported by specialist underwriters from the financial insurance sector.

The product arose from the combined experience and resources of three established participants: an insurer with strong solvency, a rated reinsurer and Karavias Underwriting Agency as the exclusive binding-authority administrator. For further information call +30 210 36 40 618.

Press Release

For further information, email suretybonds@gkaravias.gr.

George Karavias, founder and Chief Executive Officer of Karavias, commented on the recognition and thanked the Hellenic Association of Insurance Companies for its confidence.