Is this "blended product" the future? Tristram Prior, Lead Underwriter for Financial Institutions at IQUW, thinks so.Tristram recently spoke with Daniel Wood from Insurance Business Australia about the launch of FortiFI Australia—an innovative solution combining cyber and financial institutions (FI) coverage in one streamlined product. “We believe this is the future of the FI insurance…
read moreScott Heeley, Lead Underwriter for Cargo at IQUW, shares his perspective on “Managing geopolitical risk in unprecedented times” in the latest Marine Risk Report 2024 by Insurance Day. Scott comments on selective risks and the rerouting of cargo ships as global tensions rise. Read the full report
read moreProfessor Brian Cox, the UK’s best-known experimental physicist, has taken millions on journeys across the solar system and into deep space through his many TV series, talks and books. This month, he shared some of his fascinating insights with the IQUW team and brokers as part of our IQUW Live series. In his talk, Clarity…
read moreHow did you get into the insurance industry? At school, I was academic and great with numbers and logical thinking, but I didn’t want to go to university or pursue a career in banking. I sent my CV out to various industries and was taken on by an insurance firm. After stints at Aspen, Liberty,…
read moreCrisis Management at IQUW The rapid proliferation of electric vehicles (EVs) and the increasing integration of advanced electronics in car manufacturing have significantly transformed the automotive industry. However, these advancements bring forth a new set of challenges, particularly in the realm of product recalls. As vehicles become more complex, the potential for electronic and software-related…
read moreWhile rates are still satisfactory, if they continue to drop quickly next year, Andy Lewis, Lead Underwriter for Cyber expects things to get ‘very uncomfortable’.Speaking with Francis Churchill from Insurance Day, Andy comments underwriters need to focus more on sustainability when pricing risks and take a more targeted approach to growth, focusing on the SME…
read moreWe're pleased to announce that Financial Institutions (FI) product, FortiFI, is launching a new wording for the Australian insurance market at the end of October 2024. Launched in the US earlier this year, FortiFI is one of the only fully end-to-end FI offerings in the market that features integrated Cyber coverage. The new wording will…
read moreWe're pleased to announce a strategic partnership with mea, implementing their advanced AI-powered processing platform to revolutionise underwriting efficiency across IQUW’s (re)insurance operations. The partnership will enhance IQUW’s underwriting productivity and improve service as the (re)insurer continues to focus on delivering seamless broker experiences. The partnership, which is currently live within IQUW’s Director and Officer…
read morePolitical violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events. Dan Callow, Lead Underwriter Political Violence & Terrorism, War, in conversation with Francis Churchill from Insurance Day, examines issues around political unrest. Dan points out the critical role social media plays in amplifying…
read moreDoes the rising impact of perils outside of hurricane and earthquake on the re/insurance industry mean they are no longer ‘secondary’?"With secondary perils like wildfires and floods now responsible for 67% of natural peril insured losses in 2023, these risks can no longer be viewed as secondary. The re/insurance industry must prioritize collaboration to improve…
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