Rating agency AM Best has raised its outlook on the London market insurance sector from stable to positive in what has been seen as another endorsement for EC3 and while there is much to support optimism, the nature of the market means that challenges remain
’Insurance has a double whammy – firstly it’s not attracting enough people of colour and so by definition there’s a struggle with leadership levels,’ says co-founder and chief executive
’There’s now far too many technical risks that are now going through an eTrade model,’ says technical director
Insurance Times asks experts about challenges brokers face and what can be done to mitigate evolving threats
Consumer Duty has placed a greater spotlight on complaints data, however findings for UKGI show that ‘more than a third of cases’ are being overturned by the ombudsman
’We’re not trying to disintermediate the broker in anyway, we’re trying to enable them by licensing them via a technology platform,’ says chief commercial officer
’We are hopeful that suitable and adequate insurance will remain available,’ says head of technical services
’The sentence we hear most often is ‘this world is not mine anymore’,’ says chief executive
’Just because something is green, [this] does not mean it is not going to pose a risk to the environment if it goes wrong,’ says associate director and head of environmental
The carbon credit insurance market presents a ‘really exciting’ opportunity – especially as it could be worth up to £24bn by 2050
UK and Ireland chief executive believes ‘there is still a huge demand for advice’ from insurance ‘clients of all shapes and sizes’
’We’re creating new solutions where they didn’t exist before to help clients solve problems,’ says broker’s UK chief executive