Global insurance trends

Deals: Gallagher Buys Horak Insurance

Latest acquisition in the US market for Gallagher; Arthur J. Gallagher & Co. has announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty […]

Opinion

Some Thoughts on Consumer Duty Principle 12

Some insights from Gallagher Bassett UK; The Financial Conduct Authority (FCA) introduced a significant regulatory change in the UK insurance industry on 31st July 2023. The new Consumer Duty Principle 12, replacing ‘Principle for Businesses 6’, […]

News

Talent Shortage is Still Affecting Insurance Sector

The insurance industry continues to grapple with a shortage of skilled professionals, with demand for talent outpacing new entrants to the industry. A recent Aviva Risk Insights Report found this is the second biggest risk […]

Global insurance trends

Insurtech Investment Continues, Says Gallagher’s Latest Report

Gallagher’s quarterly report on insurtech sector investment always makes interesting reading. The Covid19 vax test operation and consequent economic disruption may well have accelerated the pace of digital transformation across the insurance industry. Hey, maybe […]

Opinion

Better Data Analytics Can Help Combat Claims Inflation

Claims inflation and how to stop it is one of the most pressing challenges in the UK inurance industry right now. Here are some thoughts and practical ideas from Gallagher Bassett; Ongoing inflation continues to […]

InsureTech

Gallagher Re Insurtech Report; Deals, Investment Rounds & More

There is still an appetite for insurtech ventures and helping fast growing companies develop their products and market them globally. The latest report from Gallagher Re takes a look at the latest deals stats and […]

News

Deals: Gallagher Buys Swiss Based Art Broker

Gallagher today announced it has acquired Switzerland-based fine art insurance broker, accurART. Terms of the transaction were not disclosed. accurART, a market-leader in Switzerland, specialises in insurance for private art collections, museums, galleries and for fine […]

InsureTech

Insurtech Sector Deals: Quarterly Report From Gallagher Re

The latest insurtech sector funding and deals news from Gallagher Re; After its broad-based reset in 2022, new funding for the global InsurTech sector rose to $1.39 billion during the first quarter of 2023, up 37.6% from […]