Brokers could find their premium negotiations made easier with the move of risk modelling company Stochastic Financial Modelling (SFM) to work with insurance companies.
The company provides actuarial analysis of corporate risk programmes. Until now it has worked almost exclusively with corporate clients and their brokers.
SFM director Peter Corcoran said that in the past brokers would use SFM's projections to assist in premium negotiations.
If the buyers and the insurers used the same model this would assist in the pricing discussions and the development of the best risk programme, Corcoran said.
"It will help insurers create better medium to long-term relationships with clients," said Corcoran.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
