Weekly News Roundup – 14th May

I’m not one to boast BUT I have to gush about our new article in which we discuss what MGAs should be aspiring to and how they can get there! I bet you never thought that someone could make meaningful comparisons between a 1960s spaghetti western and MGAs… In other news, there has been some noise around how pandemics can (not) be insured and why common data standards are essential for the whole of the reinsurance space.

MGAs – The Good, The Bad and The Ugly (Source: OneAdvent)
What do MGAs and an iconic spaghetti western have in common? Read on to find out more…

New enhancements for cyber coverage (Source: Insurance Thought Leadership)
There are lots of challenges related to cyber regarding what covers to provide, at what price, the percent the insured should wear, how cyber criminals are evolving sophistication of attacks….because of this insurers are constantly evolving their policies and adding new enhancements. Get up to speed on the most common.

The challenge of making pandemics insurable (Source: Reuters)
How can insurers provide pandemic coverage without suffering from big losses?

Reinsures are losing vast amounts of value due to lack of data standards suggests new Supercede whitepaper (Source: Insurtech Insights)
“The industry is trying to manage 21st century data using 20th century processes”. A recent whitepaper explores how common data standards are lacking and what needs to be done to make sure they are a priority.

What’s happening in the MGA underwriting agency market? (Source: Insurance Business Magazine)
CEO of the MGAA gives his insights regarding the biggest changes in the market, the future opportunities for MGAs and the application of new technologies.

Have a good weekend.

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