Weekly News Roundup – 19th November
This week we have three reports looking at a variety of different topics including insurtech funding, areas of potential customer harm according to the FCA and environmental risk. There have also been some key insurance appointments in the market, some of which we have highlighted below.
A question of risk and reward (Source: Insurance Business Mag)
This thought piece examines the financial relationship between MGAs and capacity providers and whether it is time to make changes to the model.
Dame Inga Beale lands board place at Willis Towers Watson (Source: The Business and Finance Today)
Beale forms part of the new intake of independent directors that are now on the board following WTW’s and Aon’s failed merger.
95% of re/insurance execs view climate as investment risk: Blackrock (Source: Reinsurance News)
In Blackrock’s 10th Annual Insurance Report, it’s revealed that re/insurers are prioritising sustainable investing, diversification to higher-yielding assets and technological transformation, as concerns about climate change intensify.
Insurtech funding tops $15B in 2021 (Source: Business Insurance)
Insurtech funding reached $5.3 billion in the third quarter of 2021 and has surpassed $15 billion for the year.
FCA’s Perimeter Report – observations for the insurance market (Source: Lexology)
The FCA discusses its increased scrutiny of ARs, its role in the BI test case and its viewpoint on outsourcing.