AdvantageGo

Yesterday we were privileged to host an evening event where women from the insurance industry gathered together to talk, share experiences, connect and network. Sandra Lewin of 100 Women in Insurance gave a great opening speech - inspiring and uplifting. Our thanks to everyone who attended. We can't wait to see you at the next event! Acrisure Re Enstar Group Tokio Marine Kiln Travelers #womenininsurance #womenintech #Londonmarket

𝗧𝗵𝗲 𝗩𝗼𝗶𝗰𝗲 𝗼𝗳 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁: 𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝘄𝗶𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝗹 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹’𝘀 𝗡𝗶𝗰𝗸 𝗟𝗶𝗻𝗲 In the latest episode of the Voice of Insurance podcast, Nick Line, CUO of Markel International, shares his vision for a tech-and-data-empowered future for underwriters.   From harnessing AI for smarter pricing to addressing climate risks and supporting renewable energy projects, Line emphasizes, “Transformation brings vast opportunity alongside the risks.”   Discover how innovation and a culture of performance are shaping the global insurance market.    🎧 Listen to the full episode here: https://bit.ly/markelcuo   #InsuranceInnovation #EmergingRisks #AIInInsurance #ClimateRisk #VoiceOfInsurance

𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗲𝗿𝘀 𝗲𝗻𝗱𝘂𝗿𝗲 𝗽𝗿𝗼𝗳𝗶𝘁 𝘄𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗰𝗵𝗮𝗿𝗴𝗲𝘀 𝗶𝗻 𝗤𝟯 https://lnkd.in/gWehWjH9 Reinsurers endured a challenging third quarter results period, according to an article in Slipcase. Munich Re and Swiss Re had profits warnings, while SCOR announced a life charge. Hannover Re was the only reinsurer to exceed expectations, with a net profit of €663mn beating the company’s expectations of €558mn. The article, taken from The Insurer, detailed that Munich Re and Swiss Re both issued profit warnings ahead of their results announcements – for natural catastrophe losses and US liability reserving, respectively – while SCOR booked a one-off charge related to its life review. Investors welcomed the $2.4bn bolster to reserves, and Swiss Re does not expect any more to come, the article explained. Munich Re Q3 net profit came in at €900mn missing consensus by around €500mn. However, the German reinsurance giant remains confident of hitting its €5bn net profit target for the full year. The reinsurance results come amid a shift in market sentiment, with many believing the hard market is over. The topic was a key theme this year at the Rendez-Vous de September (RVS) in Monte Carlo. AdvantageGo has released a summary of issues discussed at the event. It includes an in-depth on the hard market and details the key topics of cyber, parametric, property cat and casualty. Content includes interviews and contributions from key industry players at Aon's Reinsurance Solutions, Fitch, Guy Carpenter, Hannover Re, Lloyd's, Munich Re, and Swiss Re. Click on the report below to find out more

𝗖𝘆𝗯𝗲𝗿 𝗥𝗮𝘁𝗶𝗻𝗴𝘀 𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗯𝘆 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗖𝗹𝗮𝘀𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 – 𝗔 𝗤&𝗔 𝘄𝗶𝘁𝗵 𝗥𝗲𝗹𝗮𝘁𝗶𝘃𝗶𝘁𝘆𝟲 𝗖𝗘𝗢 𝗔𝗹𝗮𝗻 𝗥𝗶𝗻𝗴𝘃𝗮𝗹𝗱    In a fast-evolving digital landscape, accurate business classification is more critical than ever for assessing cyber risk. AdvantageGo, in partnership with Relativity6, is transforming cyber underwriting by providing real-time insights directly through our Underwriting Workbench.   Alan Ringvald, CEO of Relativity6, explains: “Traditional classification methods can’t keep up with businesses’ rapid evolution. Our AI-powered technology ensures underwriters have a present view of risk, enabling precise pricing, accurate policy terms, and dynamic portfolio management.”   Discover how real-time industry classification is revolutionizing cyber insurance.    📖 Read the full Q&A: https://bit.ly/4fLn8Ng   #CyberInsurance #EmergingRisks #AIInnovation #Underwriting #InsuranceTech

𝗨𝗡 𝘀𝗶𝗴𝗻𝘀 £𝟭𝘁𝗿𝗻 𝗱𝗲𝗮𝗹 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗻𝗮𝘁𝗶𝗼𝗻𝘀 𝗱𝗲𝗯𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗲 The United Nations (UN) has signed a deal that will see richer countries contribute £1trn by 2035 to help poorer, developing nations decarbonise. Signed at the Cop 29 summit in Baku, Azerbaijan, the deal is viewed as a landmark agreement. Around £230bn ($300bn) will be provided as grants and low-interest loans, with the rest of the total having to be raised by the private sector and potential new sources, such as levies on fossil fuels and frequent flyers, Insurance Times reports.

𝗖𝘆𝗯𝗲𝗿 𝗥𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲: 𝗔𝗿𝗲 𝗦𝘁𝗮𝘁𝗲-𝗦𝗽𝗼𝗻𝘀𝗼𝗿𝗲𝗱 𝗖𝘆𝗯𝗲𝗿 𝗧𝗵𝗿𝗲𝗮𝘁𝘀 𝗧𝗵𝗲 𝗡𝗲𝘄 𝗥𝗲𝗮𝗹𝗶𝘁𝘆? Our panel of experts dives into one of the most pressing issues in cyber risk today: Are state-sponsored acts of sabotage and terrorism shaping the new cyber threat landscape? In this exclusive video, we explore the risks and strategies for navigating this complex challenge. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: ▶️ Emerging Threats: Understanding the implications of state-sponsored cyber activities ▶️ Preparedness: How insurers can respond to geopolitical risks in the cyber domain ▶️ Actionable Insights: Strategies to mitigate exposure to these evolving threats With insights from: · Yosha DeLong, Mosaic Insurance · Jon Laux, CyberCube · Richard DePiero, Sompo International · J.P. Kennedy, HUB International · Simon Fagg, AdvantageGo   🔓 Unlock the full video for expert insights: https://bit.ly/4i4ETJa   #CyberSecurity #CyberRisk #InsurTech #Underwriting #RiskManagement #AdvantageGo

𝗧𝗵𝗲 𝗩𝗼𝗶𝗰𝗲 𝗼𝗳 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁: 𝗠&𝗔 𝗥𝗶𝘀𝗸𝘀 𝗶𝗻 𝗙𝗼𝗰𝘂𝘀 – 𝗔 𝗪&𝗜 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗹𝗮𝘀𝘀 𝘄𝗶𝘁𝗵 𝗗𝗲𝘃𝗼𝗻𝘀𝗵𝗶𝗿𝗲 𝗠𝗚𝗔’𝘀 𝗝𝗮𝗺𝗲𝘀 𝗗𝗼𝗱𝗱    In the latest episode of The Voice of Insurance podcast, James Dodd, founder of Devonshire Underwriting, dives into the complexities of Warranty & Indemnity (W&I) insurance in M&A transactions.   “We insure promises,” Dodd explains, sharing how his MGA specialises in this highly niche line of business, providing security to buyers and sellers alike.   Learn why W&I insurance is unlike any other product, how it mitigates risks in deals, and the expertise needed to succeed in this evolving market.    🎧 Listen here: https://bit.ly/4eOdvfD   #WarrantyAndIndemnity #InsuranceInnovation #MergersAndAcquisitions #EmergingRisks #VoiceOfInsurance

𝗜𝗻𝘀𝘂𝗿𝗲𝗿𝘀 𝘀𝘁𝗼𝗽 𝗺𝗼𝗮𝗻𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗽𝗿𝗼𝗳𝗶𝘁𝘀, 𝘂𝘀𝗲 𝘁𝗲𝗰𝗵 𝘁𝗼 𝗴𝗲𝘁 𝗱𝗼𝘄𝗻 𝗰𝗼𝘀𝘁𝘀 – 𝗖𝗼𝗻𝘃𝗲𝘅 𝗖𝗘𝗢 Convex Insurance CEO Paul Brand has told insurers to use tech driver down operational cost rather than moaning about broker profits. During his keynote speech at ratings agency AM Best’s conference in London on Thursday (7 November), Brand looked at the valuation of broking businesses compared with carriers in 2024, reports Insurance Post.  Brand had repeatedly met people at this year’s Monte Carlo Reinsurance Rendez-Vous complaining that the industry was charging carriers too much.  However, the solution was to use tech to improve costs.  Brand said: “Sometimes carriers tend to point to distribution and say: ‘Well, if only we could get distribution to charge less than our expense ratios would be absolutely fine.’ Honestly, guys, that is displacement.”    Brokers need look at their own efficiencies for their clients.  Meanwhile, carriers should concentrate on their own operational expenditure, technology, and sourcing options to drive costs down, Brand told the audience at AM Best’s conference, held at the etc Venue near St Paul’s Cathedral, Insurance Post reported.  Using technology to improve efficiencies and work processes has been widely discussed during the Voice of Insurance podcasts. In the September 10 podcast, Lloyd's chief underwriting officer Rachel Turk outlined the enormous power of artificial intelligence (AI) to revolutionise document assessment in underwriting. In a September 6 podcast, Hannover Re CEO Jean-Jacques Henchoz told of the ways in which AI can improve efficiencies. He said: “Nevertheless, we feel that the technology could help us becoming more efficient in our back-office activities, and we have a number of use cases already which allow us to process a growing number of treaties businesses without having to increase headcount as much as we would [had] we not had the benefit of the technology.” 

At Energy Insurance Americas today? Be sure to stop by the AdvantageGo booth. We're looking forward to discussing how our underwriting and exposure management solutions can help support exposure and risk managers in the energy and renewables insurance sectors. #insurance #exposuremanagement #riskmanagement #underwriting

We are delighted to announce AdvantageGo is a Silver Sponsor at InsTech’s Exponential Risk London 25, bringing together the users of catastrophe, climate and exposure analytics from around the world. Exponential Risk is a new, two-day conference hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community. Discover more here: https://lnkd.in/eUq2cmC8 To make it even easier to attend, InsTech is offering buy 2, get a 3rd for free on delegate passes if you register by 29th November.   Here’s a quick look at what delegates can look forward to: 1)   A focus on education and learning - what do people who are using models or model results need to understand about the way models are built and how this impacts how you use them? 2)   What is the effect of short term and longer term climate changes on catastrophic risk and how do you manage this in your role? 3)   Collaboration and connections have been an important reason for the success of the underwriting, modelling and aggregation community. This event is a chance to meet like-minded people and learn from and with them. Register here: https://lnkd.in/dmVCMJMF #ExponentialRisk #exponentialrisklondon