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In the News: Criterion challenges the status quo of waste and recycling businesses

At OneAdvent, we’re proud to support some of the most interesting MGAs navigating the UK and European markets today.  From tools to trash, our MGAs are redefining traditional underwriting businesses and deploying smart solutions to the challenges facing today’s insurance customers. One such business is Criterion.

Launched in January 2024, Criterion is an MGA underwriting niche classes of business including waste management, recycling and mining business across core territories including the UK, Australia and the Republic of Ireland. 

“I recognised the need to challenge the status quo of how waste and recycling business was underwritten. We have a full binding authority to write any waste and recycling business required so can turn quotes around much quicker than our competitors.”

– Stuart Kinsella, Underwriting Director at Criterion

In a recent in-depth interview with Insurance Age, Criterion’s Underwriting Director Stuart Kinsella talked about what makes Criterion different, and how a new partnership aims to address the serious challenge of the disposal of lithium batteries.

“We have partnered with a new company that has pioneered a revolutionary way of handling this challenge, a way that will help clients mitigate losses and allow us to be more sustainable in our offering.”

The interview also dives into:

  • Stuart’s plans for the next five years
  • How specialist brokers and a risk management approach will lead to greater market stability
  • How OneAdvent is supporting Criterion’s insurance journey

You can find the full interview here (subscription required): https://bit.ly/3XvLp2c

About OneAdvent

Focused on getting insurance businesses to market – and fast – OneAdvent brings its sector expertise and technical know-how to bear for forward-thinking insurance businesses around the world. Collaborating with established industry players and entrepreneurial start-ups alike, we help our clients turn innovative ideas into genuine success stories.

We’re committed to challenging the status quo in a traditional, highly-regulated environment. With continued investment in our business and an empowering, hands-off approach, we’re ready to take advantage of the changing face of insurance. Bringing agility, flexibility and creativity to the market, OneAdvent is the industry’s innovation accelerator.

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