Forward-looking insurers are using data partnerships to support their underwriting decisions, to the benefit of their bottom line
E-trading platform announces further development of its defined data capabilities
Broker binds first risk on platform, which is backed by a panel of 20 insurers
Ecosystems are ushering in a new era in London’s modernisation and brokers, carriers and managing general agents must ensure their operating models are fit for purpose
To succeed in its attempts at modernisation the market must update procurement processes, open up the central function and remain mindful of the customer throughout
Companies that move too slowly risk falling behind permanently as moderinsation momentum builds
The London’s market modernisation plans have speed and data at their heart
Board of Placing Platform Limited says delivery will now be 'reassessed' as it highlights 'increased complexity and accelerated appetite for APIs'
Acord’s global reinsurance and large commercial standard will align with the London market's new Core Data Record for accounting and settlement, and regulatory reporting
Legacy systems 'will act as a millstone around market's neck' as risks managers say insurer and brokers must take 'much bolder strides towards the digital and talent transformation required for its post-pandemic future', Airmic survey finds
More than 187,000 risks bound as users increase 18% in 2021, London market e-placing platform reports
Deep learning technology can be used to automate simple, objective and time-consuming tasks – but the re/insurance industry remains well behind other sectors in speed of adoption
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