Underwriting transformation

Underwriting is changing within the insurance sector, as insurers deploy insurtech solutions to assess risk, analyse data, distribute policies quicker, process claims and FNOL faster etc. The latest insights and news at Insurance Edge magazine UK.

Legal

Luminance Partners With Ascent Underwriting on AI Project

26 February 2020 alastair walker 0

Luminance, the leading artificial intelligence platform, today announces that specialty MGA Ascent Underwriting, part of the Optio group, has integrated its innovative machine learning technology to expose potential risks across Ascent’s transactional liability portfolio. Luminance’s […]

InsureTech

Concirrus Raises Another $20m in Funding, Looking to Expand Quest

17 February 2020 alastair walker 0

Leading marine and automotive insurtech Concirrus has announced that it has closed a $20 million Series B funding round led by AlbionVC.  The funding also includes participation from current investors IQ Capital, EOS Venture Partners […]

Insurance & Reinsurance

Not Just Any Parametric Insurance, This is WonderCover. Oh Yes

12 December 2019 alastair walker 0

Global re/insurance outsourcing and consulting specialist Pro Global Holdings Limited is delighted to announce that its dedicated global distribution services and managing general agency incubator brand, Pro MGA Solutions, has extended its strategic partnership in […]

Lloyd's/London Market

Lloyd’s Bulletin on Cyber Risks Offers Underwriters Useful Insights

9 December 2019 alastair walker 0

We spotted this latest blog post by David Powell at Lloyd’s, which looks at the new cyber risk landscape that is emerging and how underwriters can keep pace with regulation, and the fluid nature of […]

Underwriting transformation

Gary Thompson Joins Marmalade as Underwriting Director

30 November 2019 alastair walker 0

Industry expert Gary Thompson has joined Marmalade – a leading provider of insurance and cars for young drivers – as Underwriting Director. Gary, who has nearly three decades’ experience in the trade, has previously held […]

Insurance & Reinsurance

New Hire at CFC Underwriting

19 November 2019 alastair walker 0

CFC, a specialist insurance provider and pioneer in emerging risk, today announced that it has appointed Angus Marshall as its Transaction Liability Practice Leader. Marshall joins the team from AIG where he led the UK […]

Global insurance trends

India: AIR Worldwide Launches Crop Risk Modelling Software

4 November 2019 alastair walker 0

Catastrophe risk modelling firm AIR Worldwide (AIR) today announced that it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls for […]

News

Insurance Deals: Beazley Takes 30% Slice of Pegasus Underwriting

23 October 2019 alastair walker 0

Specialist insurer Beazley is making a strategic investment in Hong Kong-based coverholder, Pegasus Underwriting Limited. The investment will see Beazley become a 30% shareholder in Pegasus. Beazley began working with Pegasus in January 2019 under […]