Georgina Peters Venzano

RSA is set to mark its imminent rebrand to Intact by rolling out five new e-trade products designed to bring together the best of the existing RSA and NIG product sets, according to commercial lines managing director Tovah Grosscurth. https://hubs.li/Q03CwG6H0

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In this speech, Vicky White highlights new innovations in the UK life insurance sector, focusing on Funded Reinsurance and capital in the Bulk Purchase Annuities market. She outlines how the Prudential Regulation Authority (PRA) aims to balance the risks that some forms of innovation might bring, while facilitating ways in which alternative long-term capital options could safely support the market. Read her speech here: https://lnkd.in/e_RzHKCF

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In a recent Insurance Post article, Joe Brace, Operations Director at the LMA, has called for shared standards, more collaboration and experimentation with data and artificial intelligence (AI) to move the market forward. Joe discussed his focus on aligning operational priorities, building trust and exploring opportunities for collaboration with the Lloyd’s managing agent community. Read the full article here: https://lnkd.in/eKPewZ7Z #BlueprintTwo #Operations #LMA #Data #AI

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🚨 Breaking new ground in risk & resilience 🚨 Willis is proud to launch a market‑first parametric insurance policy that gets triggered not by the physical damage from extreme weather, but by red weather warnings issued by Met Office or Met Éireann. Learn more > https://ow.ly/9vR250X6b1b 🔍 Key highlights: • If a red warning is issued (for e.g. extreme wind, heavy rain, snow or ice), the policy automatically activates—even before the weather event materialises. • The insured receives a pre‑agreed payout to cover lost revenue or operational costs, even if the forecasted extreme weather doesn’t fully manifest. • This solves a common protection gap: traditional policies don’t account for precautionary costs (like shutting down operations in advance). • Developed in collaboration with Swiss Re Corporate Solutions, this policy offers transparency, fast settlement, and flexibility in how proceeds are used. As Claire Wilkinson (MD, Alternative Risk Transfer Solutions, Willis) puts it: “By triggering the parametric policy on the forecast rather than the event, the insured receives … cover … even if the event does not manifest itself as was forecast.” For sectors like hospitality, where cancellations and early closures from weather alerts are costly, this is a game changer. Get in contact with us today to learn more about this solution. #WeatherWarning #Risk #Insurance #Willis #Innovation #Parametric

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Our CUO, Paul Bantick, spoke to Insurance Business America about our latest Risk & Resilience research, why now is the time to invest in resilience, and the critical role insurance plays in helping businesses stay prepared in a changing risk landscape. 🔗 https://ow.ly/fuvc50WtF1g

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