Commercial Lines related articles – Page 15
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News
Ecclesiastical launches into office professionals market to satisfy broker feedback
Alongside entering new markets, the insurer is ‘selectively starting to open up conversations about supporting MGAs’ in order to further facilitate business growth, says UK managing director
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AI supplemented underwriters set to replace traditional counterparts
’The focus of the debate on whether AI will replace underwriters should shift toward adapting with AI, instead of fearing job displacement,’ says project manager
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Partners& announces transatlantic private clients partnership
’By closing the gaps in cover resulting from advice not dovetailing appropriately, we eliminate the potential for uninsured loss,’ says managing partner
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Heightened geopolitical tensions pose risks to insurance sector – Broadstone
’Insurers should not underestimate the potential knock-on impact on their businesses,’ says head of London markets
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Recovery costs of cyber attacks outpacing insurance – Sophos
’While cyber insurance is beneficial for companies, it is just one part of an effective risk mitigation strategy,” says global director
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Broker’s space practice blasts off from launchpad as dedicated London team created
’Launching a dedicated team in London has long been an aspiration contingent on us finding the right team,’ says chief executive
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MGA snaps up Axa director for chief executive role
’Together, we will continue to deliver outstanding products and services to the global insurance market,’ says new appointee
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Insurtech enters trade credit market with policy launch
’We’re looking forward to working closely alongside both new and existing broker partners to discover opportunities to expand the market,’ says chief underwriting officer
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IT Interview
Duncan Pritchard: MGA model’s power allows for a ‘nimble’ response
’Covid gave MGAs an opportunity to showcase themselves,’ says founder and managing director
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News
Global cyber insurance market predicted to reach £23bn GWP by 2027 – Morningstar DBRS
Credit ratings agency predicts that ‘technological advancements, changes in the regulatory landscape and the advent of innovative insurance products will shape the trajectory of the cyber insurance market’
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News Analysis
Briefing: Summer set for a season of hot topics
Are insurers set to be viewed as those big businesses who have had it too good for too long?
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News
Nearly half of cyber professionals do not have the budget for adequate protection – Coalition
’The message coming across loud and clear is that the UK cyber insurance industry has to be better at engaging with clients,’ says UK head of insurance
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Insurer hires ex-Axa XL broker manager for distribution role
’His experience, acumen and understanding of the market, combined with outstanding leadership skills, will help us drive momentum across Sompo’s business,’ says chief executive
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SRG acquires schemes broker in first move following new investment
’Together, we are well-positioned to further support clients across the globe,’ says director
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Insurtech scaleup enters fresh fleet insurance partnership with Admiral Pioneer
’Our combined strengths will lead to safer roads and more efficient fleet operations across the UK,’ says chief executive
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Climate challenge will place unprecedented pressure on insurance sector – Howden
’Insurance is the financial bedrock needed to derisk investments and attract the additional capital necessary to mobilise the climate transition,’ says climate risk chief executive
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AI is a colleague, not a replacement – Aviva
’It is about sweating our assets – how can GAI get them to underwrite better and faster,’ says chief operating officer
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European private equity investor acquires Atec Group
’It is a ringing endorsement of the business we have successfully built and our future strategy,’ says chief executive
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News
Brokers promised seamless migration as NIG and FarmWeb policies move to RSA
The integration of 750 new staff following the acquisition has been a ‘huge success’, says distribution development director
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‘Technology supercharging humans’ for personalised insurance service – Chris Loake
’Use AI behind the scenes’ to promote a ‘human touch,’ says group chief information officer