Weekly News Roundup – 6th October

Overall discussions at this year’s Monte Carlo point to a less chaotic January renewal season, as backed up by Insurer TV’s interview with the CEO of global markets and Sompo International.  It remains to be seen how the industry will tackle capacity gaps amidst the supposed stability. Touted as being the leader of the charge to disrupt the insurance industry, Lemonade is struggling to turn a profit as it comes up against a number of key challenges.

Sompo Intl’s James: 1.1 renewal discussions shaping up to be “rational” and “sensible” (Source: The Insurer TV)
Following a tough year for the market, both “cedents and end clients are seeking stability”.

Sam Taylor & Paul Merrey: KPMG: Generative AI – the insurer’s guide (Source: Instech)
Another great podcast from our friends at Instech where two industry experts from management consultant, KPMG, highlight the “importance of education and experimentation with regards to the implementation of AI”.

Lemonade faces uphill battle as profitability remains elusive: BMO Capital Markets (Source: Reinsurance News)
Lemonade yet to reap profits as a new report flags its staggering cash burn rate, as well as its escalating reinsurance costs.

Automating Insurance Workflows (Source: Insurance Thought Leadership)
In the age of digitisation, how can insurers measure the success of a new technology. This MGA case study demonstrates how investment in tech can literally save you ‘clicks’.

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