The situation in the Ukraine changes from day-to-day, so how can A&H underwriters possibly keep up with the movement on the ground and assess how to best price risk for those entering the dangerous conflict zone? Accident and health...
It’s been an emotional week for the British public with the announcement of the death of the beloved Queen Elizabeth II and the insurance industry has been paying tribute (see below). Her Majesty had asked her 15th Prime Minister, Liz Truss,...
Gallagher Re’s quarterly insurtech report warns there could be some difficulties ahead due to a shrinking market and a high level of redundancies. Despite an increase in funding in Q2, it is noticeably down from this time last year. In other...
A recent study by McKinsey reports that 65% of those who resigned from a job in insurance or finance between April 2020 and April 2022 left the industry entirely so it is clear that something needs changing. Read below to find out what insurers are...
Happy New Year to you all and here’s hoping 2022 is a successful and less chaotic 12 months! Despite the year only just beginning, there is plenty of news to get your teeth into, including some interesting reflections from Guy Carpenter following...
Christmas is creeping ever closer but despite the desertion in the city there is still a lot going on behind the scenes! We are signing off for the festive period this week but look forward to providing more of this news roundup in the new year....
If facts, figures and statistics are your passion then this week’s news update will be like all your Christmases come early! A number of reports have been released over the past 7 days exploring a plethora of topics including digital...
It’s December already and so ‘tis the season for the next year’s industry predictions. This week we get some insight regarding insurtech trends for 2022. There’s also a focus on parametric insurance and how to cut through the complexity....
Global law firm Norton Rose Fulbright is delighted to announce ARMD as the winner of Insurathon 2021. Now in its fifth successive year, the Insurathon promotes innovation in the insurance sector. It aims to support the finest start-up and...
It seems there is a lot of reticence in the industry regarding the use of somewhat nascent technologies, which one can understand. However, it does beg the question, what opportunities are being missed out on because of this? One of the news items...
This week we have three reports looking at a variety of different topics including insurtech funding, areas of potential customer harm according to the FCA and environmental risk. There have also been some key insurance appointments in the market,...
As COP26 draws to a close today, the insurance industry continues to emphasise its support in mitigating the devastating effects of climate change (a case in point being the Parhelion story below). In other news, a new study anticipates that global...
All eyes have been on Glasgow this week as COP26 (otherwise known as the United Nations Climate Change Conference) got underway. Needless to say the insurance industry has not escaped scrutiny. The UK’s Chancellor of the Exchequer announced that...
Trick or treat, I’ll keep this short and sweet, it’s almost time for Halloween, here’s a summary of the week that’s been… (sorry, couldn’t resist). One of the biggest insurance events of the year has taken place and the conversation...
Claims have often been a thorny topic as policyholders demand an almost instantaneous response when they experience a loss and insurers struggle to keep up with these modern day demands. There are two interesting articles outlining what the claims...
Cyber is hitting the news again following two new reports. According to the latest research insurance premiums are going up (some by almost 300% at renewal) and coverage limits are being reduced. Allianz are warning about another pandemic we should...
Alongside partner OneAdvent, London based insurtech, ARMD, has developed an embedded insurance proposition to reinvent the way tradespeople protect their livelihoods. The ARMD offering, through the combination of IoT technology and insurance,...
I don’t know about you but I can’t believe it’s already the 8th October and in a blink of an eye the 1.1 renewals will have been and gone. You can get the latest on what is going to dominate these discussions over the next couple of months in...
OneAdvent Europe has successfully become a registered Lloyd’s broker as it progresses its ambitious growth strategy. The Hamburg-based subsidiary of OneAdvent, ASM OneAdvent Europe GmbH (known as ‘OneAdvent Europe’), confirmed that it has...
Ever wanted to know what goes on in an insurer’s head? William Hawkins from investment bank, KBW, shares his research regarding the mainstream world of insurance. After Willis Towers Watson’s recent deal collapse they have shared their plans for...
For those of you rich enough and lucky enough to enjoy a quick sojourn to outer space, you can now rest assured that you can buy specific travel insurance for your trip. As reported last week, the FCA’s rules regarding fair pricing come into play...
Still struggling to believe that September is only a few days away? Feel like there is still so much to do before the end of the year? Well, you are not alone when fretting about impending deadlines! The 1st of October is coming up fast and, for...
Apart from our own exciting news (well I think so anyway!) regarding the additional financial lines capacity we have secured, you can read about 14 tech providers enabling embedded insurance and get the insight from EY on the short term steps...
It may be summer but that doesn’t mean things are slowing down for the insurance industry. There’s been new partnerships, new IPOs and new projects flying around all over the place! Make sure you catch up on the action here… Insurtech...
OneAdvent’s Financial Lines MGA forges ahead with its growth plans by securing additional capacity with Barbadian reinsurer, Active Re. Recent successful negotiations with reinsurer, Active Re, have resulted in the provision of a DUA to...
There are some more great articles for your summer holiday reading this week. Put aside some time to have a thorough read of Instech London’s comprehensive report about embedded insurance, grab a coffee to get the latest on open banking and what...
No particular theme this week, just a few interesting nuggets of info for you to get your teeth into. Get a view on the industry from a CEO of a specialist Lloyd’s insurance group, take a look at what role brokers should be playing to reduce...
Last week I reported on insurer collaboration in the cyber arena, this week a group of 8 major players have launched a new alliance focussed on creating guidelines and underwriting criteria for activities within their underwriting portfolios that...
This week, the FCA has fired warning shots at insurance intermediaries revealing that serious action will be taken following widespread non-compliance to client money rules. Cyber insurance continues to dominate the front pages (and there are two...
As our Head of Legal and Compliance, she has her hands full keeping us in check but always with a smile and good humour. Thank you Pam! #employeespotlight #oafamily #insurance #legal...
Embedded insurance has been described as “the future of insurance distribution as it enables companies to meet customers along their journey with the products and services that they are looking for, when they are looking for them.” (Rohan Shah,...
There’s another spanner in the works as the US Justice Department has commenced proceedings to block the mega-merger between Aon and WTW. And whilst we are on the subject of M&A, check out what Travelers has to say about SPACs and the challenges...
You’ll be interested to know that Swiss Re has called out zombies* as one of the biggest new threats to the risk landscape that has emerged from the pandemic. Guy Carpenter also has some insight on another of those threats, climate change, sharing...
Can you imagine how great it would be if your flight got delayed (fingers crossed, we can all go somewhere abroad soon!) and, whilst you waited, your insurer provided cash compensation on the spot? That is the beauty of the parametric insurance...
It’s not been an easy year for anyone but Accenture’s latest research indicates that things are finally looking up for the European insurance industry, despite the challenges that cybercrime is inflicting. You can find further discussion on both...
He's one of our newer recruits but that hasn't stopped him making an impact! Meet Andy Coleman, who likes walking, beer and sittingatn a box at Lloyds. #employeespotlight #oafamily #insurance...
77% of insurance execs say agents and brokers “are their firm’s most prominent distribution channel” yet less than two thirds provide them with the digital collaboration tools they need to enhance customer service. Capgemini’s World...
I’m not one to boast BUT I have to gush about our new article in which we discuss what MGAs should be aspiring to and how they can get there! I bet you never thought that someone could make meaningful comparisons between a 1960s spaghetti western...
Last night I re-watched the classic Italian Spaghetti Western, ‘The Good, the Bad and the Ugly’. Despite this masterpiece being more than 50 years old I started to draw some striking parallels with MGAs in 2021. It’s debatable whether the...
Last week AXA Switzerland revealed that they would begin to accept premium payment in bitcoin. This week, to continue with the theme, I was keen to share an article from Oxbow partners that delves into the cryptocurrency space for (re)insurers, a...
For those of us lucky enough, we have a Bank Holiday weekend to look forward to. So, to keep the brains ticking over during this extended break, I have found a couple of podcasts/webinars in which experts from EY, Zurich, Majesco and more delve into...
This week you can read about the more unusual cases of insurance fraud, explore the shift from traditional to more digitally focussed insurance products and the potential impact on premiums, and get the low down on Lemonade’s latest...
I have a pick ‘n’ mix of articles to tantalise the insurance tastebuds this week. You’ll find interviews with insurance gurus, the latest news from Lloyds, a thought piece on diversity and much more! How Argo Group Innovates (Source:...
As mentioned previously, we are on a mission to showcase our fabulous employees to the world... So, without further ado, meet...
Easter flew by with 4 seasons in one day, as is the norm, and with its departure came the much anticipated underwriter rankings list from Gracechurch, some fantastic viewpoints on the digital ecosystems in insurance and a new report highlighting the...
The insurance world is full of a million different acronyms and there seems to be a new one to discover every week! The latest I’ve been reading about is SPAC (Special Purpose Acquisition Companies) and it seems their current boom is causing some...
As part of its digitalisation strategy, OneAdvent has adopted the Whitespace platform, providing its Financial Lines MGA with more flexibility and security in the current remote working environment. OneAdvent, the London-based intermediary,...
There has been a lot of discussion around different technologies and the impact they may or may not have on the insurance ecosystem so this week I’ve pulled together some info around AI to provide some food for thought. What do...
There have been some interesting viewpoints in the news this week on what MGAs should be focussing on to remain relevant; business models, partnerships and products are part of the discussion. You can also find out what insurer management teams...
Our OneAdvent family makes us who we are! In celebration of their awesomeness, we are going to be introducing a different member of our team over the next few weeks. So, meet Jennifer...
As the insurance world continues to advance, the roles of both the people and the businesses within it are evolving. International Women’s Day, which was celebrated this week, highlighted how the industry is encouraging more female representation...
MGAs are under pressure to justify their place in the distribution chain. We explore how leveraging technology and adopting a digital-first mindset can drive efficiency and create value, both internally and externally. MGAs in the UK are worth...
ESG factors and their associated risks have been hitting the headlines in recent weeks. For those of you not in the know, “ESG” stands for Environmental, Social, and Governance, and these non-financial factors are becoming increasingly important...
Implementing technologies, like blockchain and AI, doesn’t always equal big returns. Whatever industry you are in, if goals and project objectives are not properly defined, if there’s no leadership buy in, or if communication goes out the...
The changes technology is making to the industry are even going to affect the iconic underwriting room of Lloyd’s (see more below) but it is crucial those changes create fundamental differences to the way underwriters, brokers and the rest of the...
TryModus is an entirely new online platform, designed to make the placement of both standard and non-standard UK property risks easier than ever for UK insurance brokers and their customers. Modus, an insurtech property MGA, is delighted to...
The sun is shining (at least where I am) and with the global vaccine rollout gaining momentum, surely there is something to smile about today?! The storage and distribution of vaccines has always been a very technical and regulated exercise but a...
London-based intermediary OneAdvent, opens a subsidiary in Hamburg, Germany to strengthen its European business activities post-Brexit. In response to the ongoing UK-EU negotiations and anticipated challenges regarding market access for the...
There’s no other word in the London Market dictionary that strikes more fear, anguish and downright terror than…digitalisation. It’s a word that lurks in the corner of most board meetings like the bogey man and hides under many of the desks at...
It seems digitalisation is the buzzword of the insurance world at the moment. The global pandemic was the catalyst for many businesses to get their digital strategies fired up as their employees were ordered home and remote working became the new...
Your head must have been under a rock this week if you didn’t hear about the FCA UK Supreme Court ruling, which unanimously voted against the insurers’ appeals. The impact of this will send shockwaves throughout the industry. It would also be...
Hope this miserable weather (well in the UK anyway) is not getting you down but don’t worry lots of exciting things going on in the industry to take your minds off the rain. The predictions for 2021 continue to be pumped out by the consulting...
Welcome to 2021! It's a new year and with that comes new resolutions! Every Friday you can now look forward to a round up of the news stories that have caught our attention during the week. We hope you enjoy... There’s been clearly a lot of...
Niche property insurance provider Modus today announced the appointment of non-executive chairman, Simon Cooter, subject to FCA approval. Simon is an established C-suite leader with extensive executive and non-executive board experience. He has a...
Following the launch of its specialist Financial Lines MGA in August 2019, OneAdvent has expanded its team – and expertise in the space – with the addition of a new D&O Class Underwriter. Andrew Coleman joins the Financial Lines team to...
Innovation incubator and MGA platform OneAdvent has launched a new financial institutions (FI) MGA, providing specialist insurance products to the global finance sector. The only new MGA focused on financial institutions to launch in 2019,...
OneAdvent today announced the launch of its Motorsports Hub, a specialist brokering line designed to harness the potential of the motorsports sector to create sustainable new revenue streams for clients. One of the few brokers to operate in this...
OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the UK. Modus was purchased from...
MGA platform OneAdvent has acquired Modus Underwriting, a digital property insurance MGA, as it looks to strengthen its position in the landlord space. The business was previously owned by CFC Underwriting and was purchased for an undisclosed...
Leading MGA platform OneAdvent today announced its acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the UK. Following its 2018 acquisition of Flood Excess,...
OneAdvent CEO, David Hill, spoke to Mia Wallace at Insurance Business UK on the future of the MGA sector. When the let property specialist, Let Alliance unified with HomeLet and Rentshield parent firm Barbon Insurance Group, the role of managing...
Specialist property insurance company Let Alliance has today announced its successful merger with the Barbon Insurance Group. The deal brings together Let Alliance, Homelet and Rentshield to create the market’s leading strategic partner to UK...
Carl Beardmore, former head of BMS Group, has launched a new managing general agency (MGA) called Aurous Risk Partners that aims to improve the way reinsurance transactions are captured, delivered and processed. Aurous Risk Partners is a joint...
UK-based insurtech Skyline Partners, whose technology powered weather insurance offering targets the global protection gap and plans to launch its products in India in 2019, have recently secured funding to grow the business. Accompanying the...
British MGA innovation hub OneAdvent and insurtech start-up Skyline Partners have partnered to bring a weather solution combining parametric insurance and blockchain to farmers in India. The partnership was initiated with OneAdvent investing an...
Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, today announced a new Managing General Underwriter (MGU) partnership with Evolution Risk Partners, LLC. The Chicago-based MGU...
