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Insurance DECODED

Latest edition: 10 May 2024
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Spotlight

Aurora partners AXA to launch new management liability policy

UK-based digital commercial insurance platform Aurora has partnered with insurance major AXA to launch a new MLP.

Latest news

American Coastal to sell insurance subsidiary to Forza Insurance

American Coastal Insurance has signed definitive agreements to sell its subsidiary, Interboro Insurance, to Forza Insurance Holdings.

Mosaic introduces professional liability suite for specialist engineers

Specialty insurer Mosaic Insurance has announced the launch of a professional liability insurance suite tailored to specialist engineers.

Insurtech company CoverTree secures $13m funding in Series A round

CoverTree, a US-based insurtech company focused on manufactured home insurance, has raised $13m in its Series A funding round.

Canada Life finishes £100m Rathbones buy-in

Canada Life has finalised a £100m ($125m) bulk purchase annuity buy-in transaction with the Rathbone Group 1987 Pension Scheme and the Laurence Keen Retirement Benefits Scheme.

UK brokerJMG expands with Hamilton Robertson acquisition

Greenwood Moreland, a division of UK insurance broker JMG Group, has acquired Hamilton Robertson Insurance Brokers (HRIB) for an undisclosed sum.

WTW enhances global cyber facility

Global advisory, broking and solutions firm WTW has made strategic enhancements to its global cyber facility.

UK startup well positioned to target the rise of Generation Rent

Generation Rent is a key trend in the insurance industry, and insurers will have to be proactive in how they sell household insurance to renters. GlobalData findings show that penetration rates for all types of household insurance are much lower for renters than homeowners. In addition, a first house purchase is a key trigger for purchasing home insurance. One insurer looking to address this is Urban Jungle, a digital insurer that targets renters and younger generations with specific renters’ insurance policies.

UK Whole of Life Assurance Distribution Dynamics

This report explores current and future consumer purchasing preferences to identify what is most influential to customers when purchasing a whole of life policy.