Brokers question RSA's future after losses

Paths to the past and future

Market experts predict more insurers will follow in RSA's footsteps and pull back from unprofitable business lines.

Brokers have questioned the future for RSA after the insurer posted a £70m underwriting loss for Q3 2018 and said it would take action on pricing and portfolio reshaping.

One broker who declined be named described the provider as a “ship that hasn’t got its sails up and is not quite sure where to go”.

In a conference call with analysts on 28 September, RSA group chief executive officer Stephen Hester stated that the provider’s UK and London market business is a “substantial headache” and noted

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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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