Weekly News Roundup – 4th November
There remains a “downturn” in overall insurtech funding but P&C insurtechs benefitted this quarter with $1.2 billion in mega-round funding. Lloyd’s, which has been marred by a number of scandals regarding diversity, equality and inclusion, has been working hard to make amends. John Neal talks through the journey the insurance marketplace has been taking.
Gallgher Re Global Insurtech Report for Q3 2022 (Source: Gallagher Re)
A new report from Gallagher Re reveals that early stage funding is high but overall investment in insurtechs remains down.
MGAs must evolve (Source: Insurance Thought Leadership)
This article argues that MGAs can’t depend on relationships “to stand out in a field of rivals”.
Fraudulent instruction claims are on the rise, says Beazley (Source: Reinsurance News)
Beazley’s new Cyber Services Snapshot reveals that fraudulent instruction, as a form of cyber attack, is on the rise.
Lloyd’s CEO John Neal on embedding culture at the heart of insurance (Source: Insurance Business Magazine)
Lloyd’s culture strategy, which includes the recruitment of a head of culture and the launch of its Culture Survey, are just some of the steps in Lloyd’s DE&I journey.