What is CPD Anytime? CPD Anytime is free app that enables insurance professionals to take control of their professional development. It offers NIBA & ANZIFF accredited training in the form of bite-sized modules, so you can learn and gain CPD points, whilst also keeping track of latest industry developments and news. CPD Anytime boasts a library of podcasts & videos so you can learn when and where it suits you. Earn CPD Points with Quantum... We are delighted to announce that CPD Anytime has interviewed our Executive Director, Neil Sheppard, for a Quantum Underwriting Agencies exclusive, discussing who we are, what we offer and how we differentiate ourselves in the insurance underwriting market. The interview is available as a podcast on the CPD app now! To listen, simply download the app, create a free account and start earning, managing and tracking your CPD points with CPD Anytime. How do I join CPD?
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What is specie insurance? Specie insurance is a specialised niche within the global insurance industry. It protects high-value items, such as; jewellery, fine art, cash-in-transit, ATMs, bullion, as well as numismatic, philatelic, wine and spirit collections. Specie insurance provides a comprehensive form of coverage for items whilst; on display, in storage or in transit. It provides cover for the whole supply chain; from those producing the items, to the retailers selling them and to the customers purchasing and enjoying them. Examples of items covered by specie insurance…
Jewellers Block covers retailers, wholesalers, manufacturers and producers from small family artisan jewellers right up to multinationals. Insurance can cover a Jewellers; stock, shop and operations against theft, fire and other perils, as well as covering stock, buildings, glass, contents, fairs/exhibitions, transportation and travel risks. Quantum’s Jewellers block policy can also cover Processing Risk, Business Interruption, Public & Products Liability and Employee Fidelity. View our Jewellers block brochure here. Private Jewellery insurance covers private jewellery and watch collections, including wearing, storage and transit. Quantum’s private jewellery insurance is unique as it offers worldwide territorial limits and if a client’s jewellery gets damaged or lost, they can choose to have their jewellery repaired or replaced by the same jeweller they purchased their precious items from. View our private jewellery brochure here. Fun Fact: People often insure diamonds under a specie policy. As one of the most coveted substances on Earth, diamonds hold their value. The price per carat of diamonds varies due to size, clarity and colour. The largest diamond ever found was a 3,106-carot diamond christened, the "Cullinan". It weighed 1.33 pounds and was discovered in 1905 in the Premier Mine in Pretoria, South Africa. It is said to be worth $ 400 million.
Fun Fact: Leonardo da Vinci's Salvator Mundi (see image above) is the last remaining Leonardo in private hands. It was bought for $450 million at Christie's in New York, taking the crown for the most expensive artwork ever sold (I hope the owner has insurance!). Interestingly, in the 1950s the same painting was sold for only £45, as it was mistaken for a copy.
Cash-in-transit insurance can provide cover for the item, whether its cash, coin, bullion or diamonds, the vehicle, whether armoured or soft skin and other factors, such as; armed and unarmed pavement risk, overt or covert transits, cash on premises and employee fidelity. View our cash-in-transit brochure here. Fun Fact: In recent years, considerably higher numbers of CIT armed robbery incidents in Australia were recorded, signifying a possible shift in offending patterns. This is evident in the mean number of robberies committed annually. From 1989 to 2006, there was an average of only 3.56 CIT armed robberies annually, compared with 18 incidents in 2007 and 11 incidents in 2008. Stats sourced from Australian Institute of Criminology
Fun Fact: A new trend in ATM theft is stealing an entire ATM machine. This form of theft is on the rise as more organisation are utilising free-standing, temporary or mobile ATMs.
Bullion bars are often very valuable, and therefore require high-security transit and vault storage. Luckily, specie insurance covers the transit, shipment and vault storage of bullion. View our Bullion brochure here. Fun Fact: a gold bullion bar is at least 99% pure, can weigh a staggering 400 troy ounces and at the current price of gold would be worth more than $500,000.
View our numismatic and philatelic collections brochure here.
Fun Fact: The highest valued coin is known as the ‘The Flowing Hair Silver/ Copper Dollar’, which was the first dollar ever issued by the US Federal Government in 1974. The coin was sold for $10 million in January 2013. It is made of 90 percent silver and 10% copper. When the coin was minted, it was the first issued after the Federal Mint was founded. Sourced from Money Inc As one of the largest independent specialist Jewellery, Fine Art and Specie Underwriting Agencies in the Southern Hemisphere, Quantum can provide you with the best specie insurance products and services available. Our underwriters have the skill and expertise to individually tailor policies to your specific needs and provide the most comprehensive cover at a competitive price. How does Quantum plan on achieving this mission?
Our personal, close-knit team of insurance professionals are our strength when it comes to providing personalised, innovative services in niche insurance markets. We stop at nothing to do the right thing by our clients. What are the benefits of being a family company? As a family business, every staff member at Quantum takes our business personally. This is what helps us to weather the storms of an up and down market - and why we’ve experienced exponential growth in a soft market, where mergers and acquisitions are common. Together the management team has well over a century of experience in the insurance industry. We are backed by a truly wonderful, dedicated and professional support team. What does the future hold for Quantum? The future is looking bright - thanks to the support of our brokers and the commitment of our staff, Quantum has grown to become the largest independent specialist Jewellery, Fine Art and Specie Underwriting Agency in the Southern Hemisphere. Thank you to everyone who took the time to enter the #QuantumArtComp - we had so many incredible entries and were blown away by the talent!
The competition was fierce and we really struggled to choose our Top 5 finalists, so we thought we would share a few of our other favourite pieces. Enjoy...
The answer is simple (as depicted in the below infographic)...
Through our offices in Western Australia and Victoria, Quantum can deliver swift decision-making and efficient service in niche markets and complex products. As we are Lloyd’s Coverholders, with binding authority for multiple lines, we can quote and bind on behalf of underwriters without having to refer to London. View our wide range of insurance products
As we specialise in Fine Art and Private Fine Art Collections insurance, we like to keep up to date with what's happening in the art world and test our art knowledge. Test your own art knowledge with this countdown of the 10 most expensive artworks ever sold.
10. Roy Lichtenstein’s “Masterpiece” was sold for $US165 million in January 2017.
9. Amedeo Modigliani’s “Nu Couché” was sold for $US170.4 million on the 9th November 2015.
8. Picasso’s “Les Femmes d’Alger (“Version O”)” was sold for $US179.4 million on the 11th May 2015.
7. Rembrandt’s “Pendant portraits of Maerten Soolmans and Oopjen Coppit” was sold for $US180 million in September 2015.
6. Mark Rothko’s “No. 6 (Violet, Green and Red)” was sold for $US186 million in August 2014.
5. Pollock’s “Number 17A” was sold for $US200 million in September 2015.
4. Paul Gauguin’s “Nafea Faa Ipoipo (When Will You Marry?)” sold for $US210 million in September 2014.
3. Paul Cézanne’s “The Card Players” was sold for $US250 million in April 2011.
2. Willem de Kooning’s “Interchange” was sold for $US300 million in September 2015.
1. Leonardo da Vinci's, “Salvator Mundi” was sold for $US450.3 million on the 15th November 2017.
Leonardo da Vinci's Salvator Mundi (Saviour of the World) is the last remaining Leonardo in private hands. It was bought for $450 million at Christie's in New York, taking the crown for the most expensive artwork ever sold. Interestingly, in the 1950s the same painting was sold for only £45, as it was mistaken for a copy.
View the auction here...
Here at Quantum, we love wine - so much, in fact, we offer insurance for wine collections, to ensure the protection of your most treasured bottles! For all the wine lovers out there, we have collated some interesting wine facts for you to peruse (maybe with a glass of wine in hand)...
He advocated organic wine-making and experimented with new and successful wine-making methods. His wine-making practices and techniques are still used today.
The bottle remains tightly sealed, as experts are unsure of how the air would effect the liquid.
As leading specie insurers, we insure high value items such as jewellery (both private jewellery and jewellers block), fine art and cash in transit - all of which are items vulnerable to theft and James Bond-esque heists, as evidenced by the following jewellery heists...
The thieves let off tear gas in the entrance to prevent anyone entering the building, but little did they know the police were already inside. Thankfully, the police had been tipped off prior to the heist, meaning they were able to prepare by disguising themselves as cleaning crew and swapping out the diamonds with replicas. Once the thieves had sufficiently incriminated themselves, the police pounced and arrested the lot of them!
Since the heist, the Police have managed to round up 30 suspects across three different countries, recovering only a few of the stolen gems.
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