Tag: specialty insurance
Munich Re has strengthened its executive team with the appointment of Jeff Marks as the Chief Operating Officer (COO) for Munich Re Specialty Insurance (MRSI).
hyperexponential and Akur8, two prominent names in the FinTech industry, have recently announced a strategic partnership.
Accelerant, a data-driven risk exchange, has expanded its presence into the Canadian market by acquiring Omega Insurance Holdings, Inc. from Till Capital Ltd.
Skyward Specialty Insurance Group, Inc., a leading player in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have come together to expand their captives partnership.
Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.
In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.
Automotive lifestyle brand Hagerty, recognised as a leading specialty insurance provider for the global automotive enthusiast market, has announced a capital raise of $105m.
Italian InsurTech startup Wallife has nabbed €12m in its Series A funding round, which it claims is the seventh largest in Europe in the sector during 2022.