Duck Creek Technologies’ Post

For financial institutions, insurance market capacity remains plentiful and continues to drive competition across all lines of business, according to our latest data https://lnkd.in/e_qEjCTs #InsuranceIndustry #ASmarterWayToRisk #FinancialInstitutions #WTWPerspective

For financial institutions, insurance market capacity remains plentiful and continues to drive competition across all lines of business, according to our latest data https://lnkd.in/e_qEjCTs #InsuranceIndustry #ASmarterWayToRisk #FinancialInstitutions #WTWPerspective

For financial institutions, insurance market capacity remains plentiful and continues to drive competition across all lines of business, according to our latest data https://lnkd.in/e_qEjCTs #InsuranceIndustry #ASmarterWayToRisk #FinancialInstitutions #WTWPerspective

For financial institutions, insurance market capacity remains plentiful and continues to drive competition across all lines of business, according to our latest data https://lnkd.in/e_qEjCTs #InsuranceIndustry #ASmarterWayToRisk #FinancialInstitutions #WTWPerspective

An insightful article on what's driving premium adjustments and claims trends within the Fintech insurance market at the start of 2024. We'd be happy to discuss what this means for you and how we can help with your insurances. Hugo ZealHugo ThorpTom BottBilly Harris (Dip CII)

Navigating the Fintech Insurance Market in 2024: Our insight into what's causing premium movements and some recent claim scenarios to be aware of. Please give this a read if of interest. Hugo Thorp Fergus Bracher Billy Harris (Dip CII) Tom Bott

Interesting report from Howden, i would like to focus on one part - "the pool of fintech insurers remains relatively tight" This is also true for Singapore-based fintech, though there has been some softening last year, insurer's appetite for fintech can be confusing and painful for small fintechs getting their first D&O, PI, Crime or Cyber. If not properly advised and not properly understood, simple-looking exclusions can effectively nullify coverage for clients as they chase lower premiums or they can end up in an endless cycle of strange questions and wasted time trying to find an insurer who will quote fairly to their risk I think a good insurance broker for fintechs has to show he is an effective translator of the concerns between insurers and insureds through a mixture of challenging both parties to find a compromise and helping both parties to build trust in each other for the long run. If done correctly, both fintechs and insurers can have their insurance cake and eat it too for the long run.

Fintech market update for 2024: changes to the insurance cycle and how this may impact premiums. To learn more, read our full article here:

Insurance intermediary businesses in Australia are strategically positioned to leverage recent growth and fortify their foundations for future success, according to the 2024 Insurance Benchmarking Report from Macquarie Business Banking.

A one-size-fits-all approach just doesn’t make sense when it comes to regulating insurers versus banks and others in 2024. A new report from the Global Federation of Insurance Associations (GFIA) details the real and significant differences between insurers and other financial institutions and why policymakers need to take these distinctions into account when designing new regulations. “Insurance: A unique sector” shows that insurers have much less exposure to systemic and liquidity risks compared to banks and other FIs. Regulatory approaches tailored to these differences are going to reduce business costs and improve outcomes for consumers. https://lnkd.in/eVaMmhpG