Huge advances in technology and a commercial lines market close to its peak offer opportunities, but don’t play with the latest tech just for the sake of it, cautions Carys Lawton-Bryce of Markel.
Capacity is king in this market, and year-old startup AM Specialty has been able to deploy it under optimal conditions, says the company’s CEO Shevawn Barder.
The acquisition of BGC’s insurance businesses is helping the independent broker’s business to grow bigger and faster, says Antony Erotocritou, CEO of Ardonagh Specialty.
As the significance of technology in financial services increases, Deb Chamian, director at Markel Specialty, advocates a holistic approach to stop risk from derailing its progress.
The relevance of the insurance industry is at stake, argues Julian Enoizi, global head–Public Sector Risk Solutions, Guy Carpenter, as he urges re/insurers to participate more in tackling systemic risk rather than leaving it to governments.
Reinsurers and cedants have been adversely impacted by consolidation among reinsurance brokers – making this a good moment for a new player to launch. That is the argument of Charlie Love, the newly appointed chief financial officer of Augment, launched in July, who also promises the broker will innovate and help clients unlock trapped value.
Proposed reforms to non-compete covenants by the UK government change the landscape for how insurers can protect their businesses when key employees leave for a competitor and present a mixture of challenges and opportunities, writes Anna Birtwistle (pictured), partner, Farrer & Co.
Litigation around sneaky third-party tracking tools may just be the tip of a larger risk iceberg, warns Dan Fox, senior underwriter for cyber at Markel International.
As the impacts of climate change become more prevalent, effective ESG measurement will be crucial for evolving underwriting strategies, especially for nat cat, says Vivek Bajaj, managing director, EMEA, Moody’s RMS.
Any historical perspective on risk no longer cuts it for emerging systemic and cyber risks—it’s time to fully embrace future-focused, predictive digital tech, Veysel Geylani, CEO and founder of Mando, told Intelligent Insurer.