Risk perspectives - Flexibility is the name of the game

Binding authorities give brokers the ability to deliver a far more flexible and tailored service to ...

Binding authorities give brokers the ability to deliver a far more flexible and tailored service to their clients. Underwriters also benefit as they cut the administrative burden of reviewing and approving each and every change in terms.

Binding authorities also empower the broker to act on the insurer's behalf and they are granted to firms that can demonstrate the highest standards of professional competence and risk management.

Given the interest professional indemnity (PI) insurers are now

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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