The state we’re in

Tony Cornell

If the UK is to avoid another economic crisis in the near future, insurers and the government need to join forces to tackle flood insurance, says Tony Cornell

For most of history, insurers and the state have gone separate ways with minimal conflict and an understanding of each other’s roles in protecting business and society. One potential conflict was terrorism cover following the IRA’s campaign on the UK mainland. However, this was resolved fairly easily by the establishment of Pool Re, a government-backed arrangement. This ran alongside limited private sector cover and has never made a call on government funds and indeed has produced substantial

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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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