Vave looks for external capacity after 'un-delegating' binders underwriting

12 December 2022

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As the London market gets more engaged with digital solutions and automated underwriting, the binders market is perhaps the last space where you’d expect to find innovation.

Delegated authorities, through which around 40% of Lloyd’s business is written, are known for being a slow and manual segment, prone to long delays in the roll-up of information for risk-takers.

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Vave looks for external capacity after 'un-delegating' binders underwriting

As the London market gets more engaged with digital solutions and automated underwriting, the binders market is perhaps the last space where you’d expect to find innovation.

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Vave looks for external capacity after 'un-delegating' binders underwriting

As the London market gets more engaged with digital solutions and automated underwriting, the binders market is perhaps the last space where you’d expect to find innovation.

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Uncover exclusive insights tailored for insurance leaders

Topics

Chubb exposure to Baltimore bridge loss not ‘outsized’: Greenberg

Howden Re appoints Roth as head of capital and operational solutions

Global cyber rates fell 6% in Q1 2024: Marsh

LSM COO Maddern to exit after Global Risk Solutions restructure

Inigo boosts pre-tax profits to $144.5mn in 2023 with CoR of 85.5%

Where have all the start-up brokers gone?

Major cyber cat event could be 'brushed off' by industry: Lockton Re