Weekly News Roundup – 21st April

More bad news for the Net Zero Alliance following the departure of yet another member  – can they continue to viably pursue their global climate change goals? A recent report shows that nine out of ten companies have suffered a political risk loss in the past year, what can risk managers do to prepare? Lastly, the MGA model has proved hugely successful over recent years, filling niche requirements and operating nimbly to respond to market changes and drive real benefits to all stakeholders.  But how does someone go about setting up a successful MGA in an increasingly busy market? All the answers to these questions below…

In the News: Establishing a successful MGA (Source: OneAdvent)
In a detailed analysis by Insurance Post, our MD Tim Quayle outlines some key steps for would-be MGA founders and shares his insights gained from years of helping establish successful businesses through the OneAdvent platform.

Hannover Re exits United Nations backed Net Zero Insurance Alliance citing commitment to own sustainability goals (Source: Insurtech Insights)
Three insurers have pulled out of the alliance in just three weeks, with fears that it could soon collapse.

Viewpoint: D&O conundrum – softening rates with rising claims severity (Source: Insurance Journal)
A number of challenges are facing the D&O market, with the proposed new ESG regulations from the US Securities and Exchange Commission being one of them.

Political risk is growing – how risk managers can prepare (Source: Strategic Risk Europe)
WTW’s annual political risk survey found 92% of those surveyed suffered a political risk loss in 2022, up from 35% in 2020.

How will AI platforms transform insurance? (Source: Brokerslink)
The applications of AI in insurance are clear to see but the tech is not infallible and can cause significant problems.

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