Folgate is offering sums insured limits of up to £20m for landlord products traded electronically via Acturis or extranets. The carrier said there was a drop-off in insurers and managing general agents that would quote for e-trade risks with limits over £10m and it estimated that 70% of the market would not quote for e-trade risks with limits over £15m. Folgate said it wanted to plug this gap.

The move follows Folgate’s recent decision to increase its property line to £70m for landlords and commercial products.

Jordan Perry, chief underwriting officer for real estate at Folgate, said: “Backed by 100% A-rated capacity, our new e-trade rates and criteria for these larger risks up to £20m will help brokers secure a quick quote, saving time, money and effort.

“Our property owners and real estate team has grown in recent months as we prepare to push the button on this project, and the added benefit for brokers is that if the risk is not fit for e-trade, we will review it for them on our real estate product, that can cater for risks up to £70m.”