Weekly News Roundup – 2nd June
“…like everything in insurance, embedded is easier said than done”. Adrian Jones, a renowned speaker and author in the insurtech space, discusses the 9 must-haves for a successful embedded insurance offering in this week’s roundup. These include having a clear understanding of the value-add for the seller/partner, being aware of the necessary fixed costs to enable scalability and ensuring an unobtrusive insertion point. Talking about partnerships… we have recently been selected by BP Marsh-backed Verve to provide regulatory, compliance and business oversight to support them in their expansion plans and another of our MGAs has just helped launch a parametric heat-stress insurance for dairy farmers.
The 9 requirements for success in embedded insurance (Source: Linked In)
Omnichannel distribution can bring great benefits but only if it is done right…and that’s not easy.
OneAdvent to help drive growth at BP Marsh-backed MGA Verve (Source: OneAdvent)
OneAdvent, the specialist MGA and broker services platform, has been chosen by BP Marsh-backed Verve Risk Services Limited (Verve) to support its development plans.
Inflation mitigation: how insurers can protect themselves against price pressure (Source: Insurtech Insights)
Rory Yates argues that the “current approach to digital transformation” by insurers isn’t working and that they need to “reconsider every aspect of the customer experience”.
Lloyd’s and Tokio Marine join exit from Net Zero Insurance Alliance (Source: Insurance Day)
Another nail in the coffin of the Net Zero Insurance Alliance as two more members take their leave.
NFU Mutual launched innovative parametric heat-stress insurance for dairy farmers (Source: Reinsurance News)
As the world warms up, heat-stress in cows is affecting milk yield and this new product developed by Skyline Partners, NFU Mutual and others aims to ‘safeguard farmers’ incomes’.