Weekly News Roundup – 25th November

Our very own Tim Quayle (MD of OneAdvent) has been sharing his views on the new FCA AR regime with Insurance Times. And forget Houston or Siberia, Cornwall is the new rocket launch location! Spaceport Cornwall, located at Newquay airport, will be making history when it launches the first space rocket from UK soil and Marsh has placed the insurance for this momentous occasion. Embedded insurance has certainly made its mark in 2022 and this detailed report sets out ‘how embedded insurance is working today, how it needs to evolve to serve the interests of business and society and provides a detailed review and benchmark of over forty-five of the leading start-up pioneers enabling the market’. Set aside some time for this one – it’s 90 pages!

What will new regulations for appointed representatives mean for the industry? (Source: Insurance Times)
Tim Quayle of OneAdvent, comments on the new AR rules, which come into effect on the 8th December.

Marsh insures UK space rocket launch (Source: Fintech Global)
Marsh has placed insurance with Beazley to insure the first UK space rocket launch later this year.

Webinar: Policyholder vulnerability, MGA liability? Regulatory risks in relation to vulnerable customers (Source: MGAA)
This latest webinar from the MGAA explores how MGA existing frameworks for treating customers fairly may be inadequate for those who are vulnerable and provides

The Market Map – Embedded Insurance 2.0 (Source: Aperture)
A new 90 page report examines how to create an embedded insurance strategy and the opportunity that it presents.

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