Tag: specialty insurance

Fortegra Group, a global specialty insurer and part of Tiptre, has officially received clearance to extend its operations to Belgium and the European Union.

Specialty Group, a member of the Tokio Marine HCC group of companies, has announced the launch of a new Product Recall offering in London, accompanied by two senior appointments to its Crisis Management team.

Akur8, the next-generation insurance pricing solution, has partnered with Tokio Marine HCC to elevate pricing strategies and drive innovation in the insurance sector.

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).

InsurX, a trailblazing digital exchange equipped with algorithmic capabilities, has officially entered the London Direct & Facultative (D&F) Property market.

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.