Underwriting discipline persists for marine cargo insurance while underwriting for hull and liability remains demanding, according to the latest market update by WTW. A hard market continues for cargo insurance; however, renewed competition and enhanced growth targets in the marketplace have moderated upward rate movement in 2022. While rate increases are to be anticipated for …
As UK brokers respond to 2022’s MGA Survey, Insurance Times take the opportunity to speak to MGAs about the current and future challenges they face. Here, Insurance Times speaks to Neil McCarthy, managing director of MPR Underwriting. How has MPR Underwriting adapted to the challenges that have faced the MGA market over the last 12 …
Aura Underwriting , part of the international specialty re/insurance MGA, Rokstone, and the Aventum Group, has announced the launch of Aura Parametric – a new Caribbean parametric product to complement its existing Lloyds Caribbean binder. Aura Parametric will provide reinsurance for hurricanes that intersect a pre-defined radius of an insured’s location, which is typically 40 …
Result: ‘A’ rated Applied subsidiaries, inundated with submissions, continue to add to infrastructure to help sustain the market place and serve Gulf Coast brokers and their insureds as demand increases SARASOTA, Fla., June 24, 2022 /PRNewswire/ — Despite a hurricane season predicted to be severe by several weather and risk management sources, Applied Underwriters and …
Automated underwriting is one of the most recent applications of machine learning in insurance-related operations. Machine learning-powered underwriting enables insurers to mitigate risk with greater certainty. Insurance providers perennially face several likely business risks, an obvious one being the possibility of having to pay all their policyholders once their cover matures. To counter such risks, …