Operations/tech
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes. -
PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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The Lloyd’s Market Association (LMA), setting out its “core asks” for 2026, has said it is expecting the market to achieve multiple peer-to-peer technology adoptions next year.
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McGill’s Underscore platform will identify eligible risks for Aegis to follow.
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Plus, the latest people moves and all the top news of the week.
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Better data validation and stronger claims controls are also key for MGAs.
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The syndicate was launched at Lloyd’s last year.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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Panellists said the sector must communicate its value in language tailored to each client.
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Panellists agreed a soft market should not dampen product development.
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Innovation emerged as the critical target for attracting new business to London.
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Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
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The executive said the market will be revolutionised by digital technology.
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Carriers must position themselves as underwriting bifurcates.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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Industry-wide initiatives continue to target expanded youth access to the sector.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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Plus, the latest people moves and all the top news of the week.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The investor has made four new investments post-H1.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The syndicate says it will not set any top-line targets on digital follow strategies.
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Differentiating Lloyd’s claims performance could help drive business to the market.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Jennings will reunite with Cameron-Williams, who he worked with at BDO.
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Carriers are rethinking the traditional renewal-rights model.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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Panellists at Insider Progress shared fixes for bias, confidence and culture.
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The newly united company has set out ambitions to double in size by 2030.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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The executive has been with ASG since it was formed in 2016.
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Aon’s Enrico Vanin will lead the platform as CEO.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The market turn may give some staff pause for thought, but reward remains high.
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Part four looks at how the talent landscape will shift in response to AI introduction.
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Organisations were challenged to address systemic DEI failure rather than play “word salad” with labels.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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There are concerns that repeated delays could lead to market disengagement with the process.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Being conservative and stable is the name of the reinsurer’s game.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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The former Hannover Re CEO said reinsurers must use alternative capital and tech.
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Anticipation, motivation and inspiration are central to effective implementation.
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Paul Campbell details how the most profitable insurers act during a soft versus hard market.
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It is understood that CyberCube has been considering a sale of the business.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Plus, the latest people moves and all the top news of the week.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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Plus, the latest people moves and all the top news of the week.
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The update will enable structured data capture early in the placing process.
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Claude Wade is to step down from his role to address ongoing health issues.
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Part III of our series looks at where AI is being integrated into underwriting departments.
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Signature of the exit plan is needed for cutover in 2026.
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Plus, the latest people moves and all the top news of the week.
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Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Plus, the latest people moves and all the top news of the week.
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A majority of staff not offered jobs at Ryan Re will remain at Markel to manage the run-off.
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In part II of our series, we look at where AI is being integrated into claims departments.
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The UK carrier will write business that falls in the scope of the FSCS.
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Surveys show diversity and inclusivity foster a sense of belonging and increase productivity.
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Plus, the latest people moves and all the top news of the week.
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Improved book value, a healthy CoR and disciplined underwriting mark the CEO’s time at the helm.
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Lloyd’s has confirmed the departure of two senior leaders.
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A look into how the insurance industry is using AI and where practical gains are arising.
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Plus, the latest people moves and all the top news of the week.
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The technology will help analyse growing and emerging risks, especially climate change.
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Claims chiefs are caught between technological advancement and waiting for phase two
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A representative from the carrier said Nexus is responding “with urgency”.
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The MGA is expected to launch a product-recall portfolio in September.
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Claire Janaway is leaving the carrier after 19 years.
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The insurer has hired Coface’s Hélène Martin to support its expansion.
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Volante joins capacity providers Allianz and Tokio Marine Kiln.
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The executive previously held roles at Capgemini, The Hartford and AIG.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The new chair said the market must adapt for 2030 and beyond.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The business currently works with Hamilton Managing Agency.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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The awards will be held on 3 September at The Brewery in London.
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MillerBoost is the latest broker facility to launch in London.
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The platform will capture and standardise data from all submissions, the broker said.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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The carrier said the cuts will help it to become a “simpler, digital-led business”.
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The protection gap is calling into question the relevance of the insurance industry.
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The deal marks SFMI’s third investment in the group since 2019.
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Case added that recently acquired broker NFP has “exceeded” expectations.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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Ed Short was previously VP, digital partners, at Arch.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
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The campaign will run throughout June.
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Analysts were interested in the potential for fee income from the retail division.
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The executive set out his vision for the Corporation after assuming leadership.
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The outgoing CEO said the market had been restored as a leader during his tenure.
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Frustration is growing around a promised independent operating model and staff reward.
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Eckert said the reinsurance market is still at historically well priced levels.
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The Corporation is poised to accelerate its investments in start-ups.
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The Lord Mayor told the CRO Summit to stop treating risk as a dirty word.
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The programme will succeed the previous buyback launched in 2023.
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The platform could help reduce claims-cash holding times by 10 weeks.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The executive said secular heightened risk trends would fuel the carrier’s primary expansion.
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The group said corporations face geopolitical and climate risk.
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The executive previously worked at Hiscox and Aviva.
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Pushing through technological change and maintaining underwriting results are top of agenda.
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The executive was head of fine art and specie at Miller until February 2025.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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The Nordic operations have capacity provided by Allianz Commercial.
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Lloyd’s chair Bruce Carnegie-Brown officially hands over to Charles Roxburgh today.
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Christian Kitchen had been at Travelers since October 2022.
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Full Vanguard testing is expected to compete by the end of the year.
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The executive joins from the London Stock Exchange.
