In today’s increasingly digital world, consumers expect to be able to access online information on insurance products, compare prices and carrier options, and apply for coverage using a simple and efficient process. But many agencies and brokerages are falling short …
The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers say. The insured value …
Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its latest sigma study. “Some engineering insurers’ profit …
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that British Virgin Islands and Montserrat have joined the facility and purchased coverage for the 2018/19 policy year, beginning June 1. Both countries obtained tropical cyclone and excess rainfall policies …
Specialist insurance provider, CFC Underwriting, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed to address the challenging risk environment faced by investment managers. Combining …
Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The capacity will support nine new underwriting teams which will work across seven classes of …
Advent Insurance Management, the insurtech-led Lloyd’s & London market service provider, has launched Advent Insurance Consulting, following the appointment of Parminder Kaur as director. Advent Insurance Consulting will provide “cost-effective, hands-on support to drive greater operational efficiency and deliver change …
Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture announced the winners of the third annual Efma-Accenture Innovation in Insurance Awards. Showcasing the best examples of insurance technology innovations in multiple categories, the …
The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy chief executive of the …
Lloyd’s Lab, the global insurance market’s new innovation sandbox, is launching a global search for tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs. In order to support its digital evolution, …
