Lloyd's launches product innovation facility with £53m capacity
New initiative to focus on emerging risks, with underwriters from a range of different businesses taking part including Tokio Marine Kiln, Beazley and Hiscox.
A group of Lloyd’s underwriters have launched an initiative with £53m of capacity with the aim of speeding up (re)insurance product development for new and emerging risks.
The Product Innovation Facility is led by senior underwriters from Tokio Marine Kiln, Beazley, MS Amlin, Talbot, Liberty Specialty Markets, Hiscox, Ascot, Chubb, Chaucer, Brit, Antares and Apollo.
Lloyd’s noted the facility will trial new types of insurance for complex and non-standard risks, including, but not limited to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Technology
Broker Insights launches AI-enabled Propensity Lens
Broker Insights has unveiled a product designed to improve efficiency for insurers by helping to predict the possibility they will win business.
My Insurance Downtime: LexisNexis’ Tony Pinch
Tony Pinch, who heads up sales to brokers and MGAs for LexisNexis Risk Solutions, offers us a window into his life outside of insurance including juggling playing football and golf, the love of a hard back thriller and why Nando’s is an under-rated romantic meal destination.
Hug Hub extranet offering sold to Endeavour Ventures
Endeavour Ventures has bought Hug Hub’s commercial lines focused digital quote platform, Extranet Hub, Insurance Age can reveal.
Wakam receives PRA approval for new £500m GWP UK insurer
French insurance group Wakam has told brokers thinking of setting up their own managing general agents to consider it as a capacity partner after receiving regulatory approval for a new UK subsidiary.
Q&A: Jonathan Davey
In his first interview since announcing his retirement on LinkedIn last week, former Primary, Keychoice, SSP and Hug Hub leader Jonathan Davey reflects on his time in the industry, and shares what is coming next, including his 28th trip to the Biba conference.
Biba Conference 2024 countdown: SSP Broker’s Martyn Matthews
With the Biba Conference just weeks away, Martyn Mathews, managing director of SSP Broker, quotes psychologist Carl Jung and recollects getting his kids foam swords and shields.
Biba Conference 2024 countdown: Aurora’s Jan-Vincent Finn
Jan-Vincent Finn, CEO and co-founder at Aurora, recommends people not just focus on the large stands, hails the rise of data-driven platforms and reflects on the ’80s golden age of Manchester music.
Biba Conference 2024 countdown: Addresscloud’s Simon De La Hoyde
The latest in our Biba Conference countdown series sees Addresscloud sales director Simon De La Hoyde recommend filling your diary before the event, praise Chris Hoy’s keynote from 2013 and share his Manchester musical playlist.
Most read
- Cost-of-living crisis pushes up premium finance demand
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper
- Ardonagh strikes A$2.3bn PSC deal