Mosaic Insurance makes senior leadership appointment to drive US and Canada growth
Global specialty insurer, Mosaic Insurance, has announced the appointment of Toby Smith as Americas CEO, effective from July 23.
Why effective claims management is crucial for insurance companies
Claims management is a vital function within the insurance industry, focusing on the resolution and processing of claims made by policyholders. By optimising this process, insurers aim to handle claims more swiftly, reduce instances of fraud, and maintain regulatory compliance. Comarch delves deeper into what makes claims management so critical for insurers.
Covéa Insurance’s Home IHP product launches on Acturis platform to boost broker choices
Acturis, a prominent technology provider for the general insurance industry, is set to integrate Covéa Insurance's Home IHP product into its platform.
Insurance broker District Cover secures $7m in funding round backed by Andreessen Horowitz
District Cover, a small business insurance broker, has successfully raised over $7m in a funding round that featured participation from Andreessen Horowitz.
Carbon Underwriting launches innovative Syndicate 5757 with Lloyd’s approval
Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.
Microinsurance Network appoints Matthew Genazzini as new executive director
The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024. Genazzini, a...
London-based InsurTech Wrisk sees remarkable 219% YoY revenue growth in H1
London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.
Cytora and Gamma Risk partner to enhance commercial property risk evaluation for insurers
Cytora, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.
Artex EMEA strengthens team with addition of Bee Insurance’s Simon Camilleri as executive director
Artex EMEA, a global insurance manager, has integrated the team from Malta-based Bee Insurance Management Ltd., to continue its global expansion journey.
How to master insurance portfolio management
P&C and health pricing teams operate in a dynamic environment. They need to ensure that their current pricing strategy is not only appropriate for their policyholders but also accurately aligned with the evolving competitive and regulatory landscape. In reality, pricing executives act as insurance portfolio managers, constantly monitoring margins, loss ratios, and GWP to align with both the insurer's overall strategy and market competition. Recent regulations such as the UK's Customer Duty, also highlight the necessity for real-time identification of risk outliers within portfolios and the ability to explain these outliers to regulators, making this capability a regulatory requirement.