Commercial Lines – Page 14
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NewsInsurer trust gap widens amid brokers doing more to build consumer loyalty
’Consumers rated brokers’ performance as better than any other for buying insurance,’ says group policy and public affairs director
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NewsGenerative AI not a ‘black box’ solution – First Central
’It can do something as simple as algorithmic [underwriting], but it doesn’t reduce that complexity of risks,’ says data analytics lead
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NewsConstruction sector borrows most to fund insurance
’Insurance is vital for business operations across a wide range of sectors,’ says chief commercial officer
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NewsBroker network launches trade credit practice
’Our latest dedicated knowledge hub will share the immense wealth of specialist knowledge we have across our broking community,’ says chairman
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NewsSRG makes acquisition as it continues build out of MGA
’Joining SRG marks a significant milestone,’ says managing director
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NewsGallagher inks deal to provide more insurance services to SMEs
’This partnership will mean that SMEs have direct access to the products that appropriately suit their individual circumstances,’ says head
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NewsSpecialist broker sets sights on commercial expansion after GWP rise
’I want our customers to know that when they pick up the phone, they are speaking to someone they know, trust and who understands their business,’ says head
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NewsZurich and Aon team up for new insurance facility
’Insurance is a key enabler to facilitate the net-zero transition,’ says chief executive
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NewsNew syndicate begins underwriting business at Lloyd’s of London
’We have made a long-term strategic commitment to the Lloyd’s market,’ says active underwriter
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NewsEcclesiastical 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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NewsAI 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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NewsPartners& 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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NewsHeightened 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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NewsRecovery 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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NewsBroker’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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NewsMGA 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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NewsInsurtech 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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NewsGlobal 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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NewsNearly 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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NewsInsurer 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
