Brokers

Steven Loyens, Chief Actuary at Arch Insurance International, discusses the importance of a collaborative and integrated actuarial function, as businesses continue to navigate an increasingly data rich environment.

The CEO of Lockton Re Bermuda sees a healthy market leading in to 2023 created through clear communication channels, disciplined underwriting, well prepared clients, enhanced broker options and a consistent step change to the rating environment across the primary and retro markets.

As the dust settles on a hectic 1/1 renewal season, the Bermuda market is catching its breath and looking forward to 2023. On a trip to Bermuda earlier this month, a number of senior leaders told Insider Engage that the renewals were chaotic and underwriters were very busy the week between Christmas and New Year’s, as rates, terms and conditions hardened dramatically.

The importance of underwriting in the insurance value chain cannot be overstated, but despite this importance, there are several pain points that continue to dog the industry.

While the COVID-19 pandemic shut down offices and in-person meetings, Aon used the time to revamp its claims review process.

Affordable, accessible end-to-end technology is critical for smaller brokers to compete in a rapidly digitising and increasingly data-driven marketplace.

The watchdog’s new product governance rules could be a catalyst for big change in the UK general insurance market.

Industry Icon Patrick G. Ryan reflects on his 60 years in the insurance industry.

Algorithmic underwriting has the power to cut through the complexity of commercial lines and allow for more efficient, fast and accurate risk selection.

The region’s economies have been hit hard by the pandemic, but London has the chance to take more business there, if it sorts out its service problems.