Weekly News Roundup – 7th October

Lemonade are continuing their European domination and making their mark in the UK with a new partnership. There are also a couple of interesting MGA pieces, focussing on investment (and whether MGAs remain on the VC agenda) and strategy (namely, what their 3 main focusses should be).

What are the 3 pillars that MGAs should consider when running a profitable business? (Source: Ecclesiastical)
Once capacity is in the bag, what should MGAs be expecting from a claims and risk management perspective?

Lemonade enters the UK market in partnership with Aviva (Source: Insurtech Insights)
They crossed the pond back in 2019 but Lemonade have now hit the UK’s shores with a partnership with Aviva.

Investors approach insurtech MGAs with newfound caution (Source: Insurtech News)
Reinsurance market pressure and other industry trends have caused some investors to look elsewhere but the general consensus is “that long-term interest will be there”.

Insurers may face up to $57 bln in Hurricane Ian bills (Source: Reuters)
The devastating effect of the recent weather events in Florida and the Carolinas is set to bankrupt some insurers and make insurance less accessible in certain regions, according to industry experts.

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