Financial Technology Frontiers’ Post

Fubon Insurance’s underwriting performance for the financial year 2023 (FY 2023) continues to bear the brunt of Covid-19 claims, however, the results have shown significant improvements. The carrier’s net combined ratio (COR) for the period stood at 106.7%, a notable improvement from 237.1% in 2022 when the insurer alongside its competitors in Taiwan was hit hard by the Covid-19-related claims. https://lnkd.in/g4ejzdzV For daily market updates, sign up for our free newsletter: https://lnkd.in/gGKxEQk4 #fubon #insurance #covid19 #taiwan #financialyear2023 #2023

IAP’s Ursano predicts “up to 10” new reciprocal exchange launches in 2024 amid heightened interest Interest in new reciprocal exchanges may be at a record high with investors attracted to heightened valuations and operators to the greater stability of capital and capacity than that offered by many MGAs, according to sector specialist and veteran (re)insurance banker Antonio (Tony) Ursano Watch the full interview here: https://lnkd.in/g3nvwtdN Ursano – the managing partner and co-founder of US corporate finance boutique Insurance Advisory Partners – predicted the number of new exchanges could reach “up to 10” this year judging by the number of mandates and interest his firm has seen. Speaking to The Insurer TV, Ursano said the sector was seeing elevated interest, both from existing multi billion-dollar carriers mulling migrating existing business into newly created reciprocals, and from small start-ups looking at forming niche exchanges in specialist areas. “I think there are approximately 100 reciprocal exchanges that exist in the US today, all the way from Farmers at $27bn of premium, to very small businesses, and everything in between,” he said #insurance #reinsurance

Last week Bondaval launched their trade credit insurance policy. Backed by Great American International Insurance (UK) Limited and Great American International Insurance (EU) DAC with the support of FCIA, and delivered via the Bondaval platform, this policy will help users to: ⚡ Effortlessly manage their policy obligations 🧠 Understand what actions they need to take 🔒 Achieve greater certainty over their cover Link to Clare Ruel's Insurance Times article in comments. #insurtech #creditrisk

come meet the team and see what how agile can provide solutions to all your difficult-to-place risk 👇

⚠️ Insurance intermediaries: mandatory follow-up documentation to be submitted to FINMA by June 30, 2024 #Insurance #intermediaries must submit follow-up documentation to Swiss Financial Market Supervisory Authority FINMA by June 30, 2024 at the latest, in which case they may continue to operate as insurance intermediaries until FINMA decides whether they meet the registration requirements. Failure to submit an application for follow-up documentation will result in deletion from the register. In its guidance, FINMA also sets out the steps that registered untied insurance intermediaries must take to submit the follow-up documentation application. Source: https://lnkd.in/eAXWbSGU

Explore the transformative shifts in the socio-economic landscape and their profound impact on the insurance sector 📈 From geopolitical events to market regulations, our latest blog post: “2024 Is The Legitimate Daughter Of 2023: Significant Market Trends In The Middle East” by our CEO Walid Nehme, offers a comprehensive overview of the changes set to shape the insurance sector in 2024. Link in the 1st comment 👇 #insurance #brokers #middleeast #markettrends

🎓 Just achieved my Certificate in Digital Insurance (CDI)! 🚀 It's truly eye-opening to explore the digital transformation of the insurance industry—unlocking the latest trends, strategies, and tools. 💡🌐 #DigitalInsurance #ContinuousLearning #TDI #CDI #Insurance

Its exciting, its refreshing, its educates and informs, its the all new series of MoneyLab, your 60 second financial advisory tips. Catch the captivating edition on insurance with Ohenewaa Amoafo Asante and Isaac Adu Bsc Msc ACII FCIIG Dip CILA. of Enterprise Insurance. Make a date! 💰🚀 #MoneyLab #FinancialWisdom #TuneIn #insurance #tips #insurancetip #JoyBusiness #business

Canadian Underwriter covered the change happening in the industry, pulling thoughts from me, Danish Yusuf of Zensurance, Jimmy Spears of Tractable and Jason Hope of The Boyd Group. The answer - Insurers must "be willing" to enact meaningful change https://lnkd.in/eRTw4Y9 #futureofinsurance #insurance #insurtech

Canadian Underwriter covered the change happening in the industry, pulling thoughts from me, Danish Yusuf of Zensurance, Jimmy Spears of Tractable and Jason Hope of The Boyd Group. The answer - Insurers must "be willing" to enact meaningful change https://lnkd.in/eRTw4Y9 #futureofinsurance #insurance #insurtech