Hints and tips:
...for certain policies and digital triaging of broker submissions plus automation of certain tasks for others....
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
...The Lloyd’s Market Association, their trade body, is encouraging underwriters in a given sector, such as credit risk, to pledge they will be on the floor on certain days to give brokers more reason to come...
...Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market fuelled a recovery from the substantial pandemic-related losses suffered...
...Underwriters privately argue that brokers can use their scale not only to push up commissions but to pressure underwriters to take on certain risks, or pay certain claims....
...But at certain points during this, it has gotten quite hard to believe. You have Bulgarian drug smugglers, oligarchs. General chaos at one of the world's top wealth managers and investment banks....
...The aim, he added, was to sell more policies at lower prices....
...The LMG data show that almost a quarter of Lloyd’s syndicates missed the target, and 13 per cent did not use the system at all in the second quarter....
...Lloyd’s, the London-based insurance market, has banned its syndicates from writing business for the US National Rifle Association....
...This has helped to boost the total value of all contingency and accident premiums paid at Lloyd’s of London, the world’s largest insurance market, to more than £500m....
...“Sixty per cent of all art claims are works in transit, in some size, shape or form,” says Rupert Onslow, an art underwriter at The Channel Syndicate, a specialist insurer at Lloyd’s....
...Traditionally, the risks of complex policies written at Lloyd’s have been divided between several underwriters....
...Aviation war insurers including the Lloyd’s of London market are facing an annual bill this year several times bigger than their premium income, which totals only about $60m....
...James Hannan, an underwriter of terrorism and political violence insurance and reinsurance at Antares, a Lloyd’s of London syndicate, notes that terrorism cover is increasingly included in property catastrophe...
...A much quieter process is about to begin. Late last year, I went to see Gary Tredgett, the underwriter for Ascot, the Lloyd’s syndicate that leads the dozens of insurers involved in the Tonbridge loss....
...Transcript of interview with Tom Bolt, underwriting performance director at Lloyd’s of London Paul J Davies: Well, thanks very much for agreeing to do this....
...Paul Bantick, senior underwriter at Beazley, the Lloyds of London insurer says that when a company loses data in the US, by law they have to notify customers who have been affected....
...For more than two decades, Hiscox, a syndicate of Lloyd’s of London, has been offering its own form of insurance, which technically falls under “property and casualty”, for artworks that may have a defective...
...The main providers are DAS, FirstAssist, Capita Assistance and Lloyd's of London. The main aim of these policies is to help with legal disputes. Disputes can often be with your employer....
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