Brief blog post today and about my favorite subject, Insurance – sorry to all those people reaching for the unfollow button.
So apart from a strong stomach what else does it take to work with insurers? How do you get the best out of them if you’re running a Managing General Agent or some other delegated authority arrangement?
By way of help and advice I contributed to some work being undertaken by Evermore Digital. The blog link os below. It’s worth a quick read but feel free to make contact if you need any more advice or support.
https://www.evermoredigital.com/post/winning-retaining-insurer-capacity
It’s tough in the UK market (amongst others) at the moment with insurers again recognizing that profits on underwriting are important. This is driving prices up, capacity down and a focus on core coverages. It’s bad enough for intermediaries but a B nightmare for customers. And at the same time as the industry has been found wanting on Bi coverages from Covid losses. So making sure you get snd keep high quality capacity is critical for any Delegated Authority holders or MGAs.
The Burble 