Commercial/Enterprise Insurance

Global specialty insurer, Mosaic Insurance, has announced the appointment of Toby Smith as Americas CEO, effective from July 23.

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.
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.

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.
Acturis, a prominent technology provider for the general insurance industry, is set to integrate Covéa Insurance's Home IHP product into its platform.

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.
District Cover, a small business insurance broker, has successfully raised over $7m in a funding round that featured participation from Andreessen Horowitz.

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 Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.

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.
The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024.

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, has announced a 219% year-on-year revenue growth in H1 2024.

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, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.

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, a global insurance manager, has integrated the team from Malta-based Bee Insurance Management Ltd., to continue its global expansion journey.

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.
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.

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.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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