Delegates attending a recent Insurance Times and ICEYE roundtable explained that the increased frequency of storms was stretching the industry’s resources to the limit
’Our message is that we deal with brokers the way they want – we’re not going to force anybody to take an optimised trading route irrespective of premium size,’ says chief executive for UK regions
Industry needs to ’adopt new technologies to future forecast’ because developing climate change risks are ’harder to insure as you can’t rely on historical data’, says senior manager
’I want brokers to get the opportunity to meet people that they otherwise could not reach,’ says chief executive
Rating agency AM Best has raised its outlook on the London market insurance sector from stable to positive in what has been seen as another endorsement for EC3 and while there is much to support optimism, the nature of the market means that challenges remain
’Insurance has a double whammy – firstly it’s not attracting enough people of colour and so by definition there’s a struggle with leadership levels,’ says co-founder and chief executive
’There’s now far too many technical risks that are now going through an eTrade model,’ says technical director
Insurance Times asks experts about challenges brokers face and what can be done to mitigate evolving threats
Consumer Duty has placed a greater spotlight on complaints data, however findings for UKGI show that ‘more than a third of cases’ are being overturned by the ombudsman
’We’re not trying to disintermediate the broker in anyway, we’re trying to enable them by licensing them via a technology platform,’ says chief commercial officer
’We are hopeful that suitable and adequate insurance will remain available,’ says head of technical services
’The sentence we hear most often is ‘this world is not mine anymore’,’ says chief executive