Weekly News Roundup – 3rd December

It’s December already and so ‘tis the season for the next year’s industry predictions. This week we get some insight regarding insurtech trends for 2022. There’s also a focus on parametric insurance and how to cut through the complexity. Finally, as the year begins the final countdown, M&A activity is still on the table, as you can see in the last article.

10 insurtech trends and predictions for 2022 (Source: Insurtech Insights)
Although with a US focus, it seems that many of these will apply to Europe in the next 12 months including cybersecurity, an enhanced focus on the entire customer experience and vendor/partner relationships.

Questions to focus on when considering parametric insurance (Source: Insurance Business Magazine)
Parametric insurance doesn’t have to be a minefield. As long as you have answers to the 5 key questions listed in the article then you can adequately establish what the solution will deliver.

Are MGAs ready for the next wave (Source: Insurance Thought Leadership)
A number of roadblocks could impede an MGA’s expansion plans unless they adopt strategies looking at technology innovation and investment.

Gallagher completes $3.25B purchase of Willis’ treaty reinsurance brokerage business (Source: Insurance Journal)
Despite the breaking down of the Aon and WTW mega merger, Gallagher’s still managed to get their piece of the pie.

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