’Our re-entry into the light and recreational general aviation sector closes a long-standing gap in Willis’s portfolio,’ says head of global aviation and space
Report warns that global defence demand is colliding with fiscal constraints, supply chain fragmentation and structural barriers that are creating significant risks for insurers and lenders
’These appointments reflect our commitment to investing in exceptional talent and strengthening our facultative capabilities across key markets,’ says head
’We want our clients to be as informed about risk and the insurance marketplace as possible,’ says head
’The parametric style of the policy provides a transparent basis of cover, rapid claims settlement and complete flexibility in the use of claims proceeds,’ says managing director
‘The impact of market consolidation is potentially driving some broadening of footprints into traditionally less competitive areas of the market,’ says head of pricing, product, claims and underwriting
‘Farmers are natural risk managers. They’ve been doing this for hundreds of years – in essence, since the dawn of man,’ says managing director
’These are perils that we haven’t really taken seriously in the past, given the emphasis on the US market, and now there are increasingly unmodeled events,’ says underwriter
Multiple experts spoke at Insurance Times’ TechTalk Live roundtable, which focused on affirmative cover for artificial intelligence and the myriad impact this technology is having on policies and practices
’There are opportunities when there is a change, whether that is market hardening or softening,’ says head of specialties
’Others may be really interested in breadth, but we’re really interested in expertise and being leaders in our chosen fields,’ says broker’s head of specialties
Willis Re’s global head of insurtech tells Insurance Times why he expects funding in this sector to increase and why the term ‘insurtech’ could lose its value in the long term