Some interesting statistics regarding insurers and reinsurers investing in tech startups from last year from a company called CB Insights.
TOM have now presented a summary of their vision for the Delegated Authority Database solution.
Delegated underwriting authority is a vital distribution channel for the market’s capital, especially Lloyd’s as it provides a way of allocating capital in a way that promotes both geographic and type and size of business written.
I define four elements of data management:
Quantity , Quality, Availability and Value creation
The London Matters report defined a market facing challenges that need to be urgently addressed; put another way we are facing some threats, but it also highlighted the fact that other markets were just as bad, which gives us the opportunity to leap-frog other markets rather than merely keeping up with them.