Bring balance to the books

Insurers need to start bucking the current trend for writing predominantly small and medium-sized enterprise business and look at the bigger picture to improve profitability for all.

Not long ago most insurers with commercial lines portfolios
underwrote small commercial package type risks but it was not a clear
strategy and they often did so grudgingly.


Many major brokers sold off their small business portfolios and retrenched
into super-risk categories. Then the expression small to medium-sized
enterprises was invented and suddenly the insurance industry discovered a
renewed and vigorous interest in underwriting the SME sector. This has
been particularly marked over the past year

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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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