New player enters solicitors' PI arena

A lawsuit document

First Title Insurance has joined forces with Ink Underwriting Agencies to offer professional indemnity insurance (PII) to law firms, for the first time.

The firm said the move followed a careful assessment of the PII market and would build on its position as the market-leader in conveyancing risk mitigation.

"We've been watching the situation very closely over the last few years and believe that now is a good time for us to enter the market with confidence. This new policy fits with our overall strategy to help address the issue of conveyancing risk, both for consumers and solicitors. It is a perfect opportunity for us to invest in the PII

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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.

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