Weekly News Roundup – 6th January
Happy New Year and welcome to 2023! It wouldn’t be a brand new year without a raft of predictions of how the next 12 months is going to play out. We’ve pulled together a few insights to whet your whistle and get your head in the game.
Three MGA trends to watch in 2023 (Source: Insurtech Insights)
The new generation of MGAs has a lot to bring to the table but what can we expect to see from them?
D&O Insurance Insights 2023 (Source: Allianz)
Macroeconomic conditions are likely to cause an unsavoury uptick in D&O claims according to the latest D&O report from Allianz. They also cite a “lack of robust cyber security and governance processes, or an inadequate or non-compliant response to environmental, social and governance (ESG) issues” as key risks.
10 things that could shape insurance in 2023 (Source: Insurtech Digital)
Will ESG dominate the board agenda? Will insurance remain relevant in the high interest environment? Should we expect an underwriting transformation?
“One of the hardest reinsurance markets in living memory” (Source: Insurance Business Magazine)
Howden’s newest report says challenging market conditions have caused ‘multi-decade high rate increases’.
ARMD launches IoT Smart Van Alarm to boost protection for tradespeople (Source: Insurance Innovation Reporter)
Our very own ARMD have been busy since their successful stint in Lloyd’s Lab at the end of last year. Their new device will mitigate the amount of fraudulent claims, provide insurers with a more comprehensive data set, as well as enhancing theft protection for tradespeople.