Global insurance trends

IGI Posts Strong Financials; 12% Rise in GWP

International General Insurance Holdings Limited today reported earnings for the first half of 2019. IGI reported a net profit of $13.75 million for the first six months of 2019, compared to $11.02 million last year, […]

News

Commercial: Patent Approval Granted on Failsafe Wave Power System

After parts of the UK suffered electricity supply power cuts recently, everyone in the commercial insurance and property management sectors will be keen to learn about companies providing sustainable energy, on demand, when things go […]

Lloyd's/London Market

Lloyd’s of London Now Completing Half of All Transactions Online

Lloyd’s of London is now completing over half of all insurance transactions electronically, as technology allows brokers, underwriters and insurers to assess risk, quote, bind and settle claims online without old fashioned paper-shuffling and delays. […]

Opinion

Opinion: It’s Time To Regulate Commercial Building Valuations

In this Opinion piece, Rebecca Fuller, Managing Director, Valuation Advisory at Duff & Phelps, looks at the problem of under-insurance and how to solve it. The days of getting a rebuild valuation done once, and […]

News

London Market: Gallagher Bassett Acquires Adjusting Associates Assets

Gallagher Bassett (GB) has expanded in both size and offerings in the United Kingdom by acquiring the assets of Adjusting Associates LLP. Established in 2002, Wales based Adjusting Associates provide high-quality loss adjusting and claims […]

Insurance claims

Underwriting: CGI/Polaris Sets Up ProductWriter as a Cloud Based Service

CGI has successfully implemented ProductWriter, the leading product development and rating software from Polaris, the UK insurance industry body, as a cloud-based service. This innovation follows a 23 year strong relationship with Polaris, during which […]

InsureTech

Insurtech: ClauseMatch Cuts Compliance Admin in Lloyd’s Lab Project

Almost everyone in the UK insurance sector agrees that the traditional way of doing business in the Lloyd’s dominated London market is rapidly changing – and needs to modernise even faster, in order to keep […]

Opinion

When It Comes to Data, There’s Still Room for Radical Insurer Innovation

Insurers are innovating. But Mark Eastham, CEO at Avantia, the technology-enabled insurer behind HomeProtect, argues that when it comes to risk pricing, only those who simultaneously innovate on multiple fronts will realise the value required […]