Weekly News Roundup – 20th August
Apart from our own exciting news (well I think so anyway!) regarding the additional financial lines capacity we have secured, you can read about 14 tech providers enabling embedded insurance and get the insight from EY on the short term steps insurers should be taking to leverage the long term value of ESG.
Solution providers making embedded insurance propositions possible (Source: Oxbow Partners)
14 solution providers helping insurers implement their embedded insurance strategy, from Zego who integrates with gig economy apps to provide usage based insurance to Player’s Health who assists sports organisations in managing their risks.
What insurers can do now to monitor long term value (Source: EY)
ESG is not going away anytime soon but it’s key that insurers move quickly to “assess the potential impacts of ESG and the new emphasis of stakeholder expectations, including the impact on financial performance, public perception and the ability to generate value.”
Four executives on the future of insurance distribution (Source: McKinsey)
Client expectations are changing the dynamics meaning insurance distribution models need to evolve.
And some fantastic news from our side…Recent successful negotiations with reinsurer, Active Re, have resulted in the provision of a DUA to write Financial Institutes and Commercial D&O on a facultative reinsurance basis. This new facility will complement the Financial Lines MGA’s existing facilities and will primarily be deployed to write SME and mid-market sized companies in emerging markets.
You can read the full story below:
OneAdvent secures additional capacity to write financial D&O (Source: Insurance Business Magazine)
OneAdvent’s Financial Lines MGA secures capacity from ActiveRe (Source: Insurance Journal)
What does securing additional capacity mean for this MGA? (Source: Insurance Business Magazine)