Weekly News Roundup – 3rd February

Following on from BIBA’s member manifesto last week, you can get to grips with the LMA’s promises for this year in their recent announcement. There’s also lots of fantastic management consulting buzz words in Oliver Wyman’s recent advice to insurance CEOs – make sure you take a look to understand what role ‘risk fluidity’ and ‘a platform-based, modular ecosystem’ has to play in the next 12 months…

LMA sharply focused on supporting markets transformation (Source: Global (Re)Insurance)
Reinforcing the market’s technical expertise in systemic cyber, developing the LMA academy and the fostering of ‘a truly digitised marketplace’ are some of the key priorities in this year’s manifesto.

AM Best special report names top reinsurance pricing drivers (Source: Insurance Business Magazine)
According to research, reinsurance ‘generated an estimated return-on-equity of just 4-5%’ with cost of capital twice that during the 1-1 renewal period.

How to transform broker and agent channels with insurtech (Source: ITC Europe and DIA)
An insightful article on how distribution channels can be transformed, not just by implementing new technologies.

Thriving in the age of acceleration (Source: Oliver Wyman)
Management consultants Oliver Wyman have put together the ‘10 ways insurance CEOs should be positioning their organisations in 2023 to make the most of the Age of Acceleration’.

Insurtech funding slumps by 57% in Q4: Gallagher Re (Source: Reinsurance News)
Latest research reveals that global investment slumped to $1.01 billion compared to the previous quarter.

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