ProSight Specialty Insurance and Aon/Albert G Ruben are unveiling in Cannes a joint product they claim to be a comprehensive completion guarantee to cover all risks associated with the filmmaking process.
The product is called Complete and according to the creators will streamline the traditional insurance and bonding process allowing for more rapid finance closing.
“Complete will become the lynchpin that holds the independent filmmaking financing and production process together,” Aon/Albert G Ruben CEO Douglas Turk said. “This is a game-changer and market maker for the industry in terms of efficiency, innovation and value.”
“Nothing like Complete has been developed and marketed in one package before,” ProSight Specialty Insurance svp of entertainment programmes Yvonne Cordova said. “We are proud to offer a solution that will help take the entertainment industry to the next level.”