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Hi All! This week we are following new cyber risk offerings, executive comments on market conditions and Lemonade’s pet product. Here are the three things we learned: |
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Cyber Risk Offerings Show Promise A great risk can create a unique opportunity. Two experts with technology driven offerings had interesting announcements this week to address the growing cyber risk. Corvus Insurance and SiriusPoint are launching a partnership involving a strategic investment and underwriting capacity, this will build on success and provide stability needed to grow. Cowbell cyber will provide a marketplace for small / medium business to insure their risks and also tools to help with risk management. Good to see innovators take on a real challenge to the industry. |
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Insurance Leaders on Market Conditions Some big executives made comments at the KBW virtual insurance conference the most noteworthy of which claim that this is the best E&S market in 50 years. There are other tidbits about inflation and the economy as well as the view on rate increases. Many think this hard market will continue and the economy will be resilient and support the health of the insurance industry. |
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Lemonade Enhanced Pet Coverage Lemonade announces a new enhanced pet coverage, managed preventative care for dogs and cats under 2. Pet is certainly an area ripe for creativity and innovation and this appears to be wise decision by Lemonade to broaden their offering. It is a clearer path with lower customer acquisition cost. Also good potential to graduate pet owners to their other products and retain them. |
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