{"id":591,"date":"2021-05-01T10:30:42","date_gmt":"2021-05-01T14:30:42","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=591"},"modified":"2021-04-30T14:01:46","modified_gmt":"2021-04-30T18:01:46","slug":"3-things-4-30-2021","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-4-30-2021\/","title":{"rendered":"3 Things – Broker updates, Greenberg Comments & State of Insurtech – 4\/30\/2021"},"content":{"rendered":"
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Hi Friends!\u00a0 This week in insurance we are following broker updates, Greenberg comments and the State of Insurtech.\u00a0 Here are the three things we learned this week:<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Broker M&A and Digital Transformation<\/strong><\/p>\n

The merger between Aon and Willis appears to be nearing closure, The EU has extended their review until July but the Willis CEO still\u00a0expects it will happen in the first half of 2021<\/a>.\u00a0 Hub International launched a new\u00a0digital platform for ‘transactional’ insurance<\/a>.\u00a0 A good idea to create a platform for lower touch personal lines risks and likely necessary to take cost out of those transactions.\u00a0 They will need to be able to execute this concept as a truly digital customer experience.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Greenberg Comments, Growth <\/strong>Potential<\/strong><\/p>\n

Chubb released their\u00a0Q1 results<\/a> showcasing growth in most of their business segments and posting $2.3B of net income.\u00a0 Evan Greenberg’s comments following the release included: they are moving on from The Hartford, he sees opportunity from organic growth and other M&A deals, the hardening market in commercial lines will continue to endure and help to power growth and they are in a position of strength.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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State of Insurtech<\/strong><\/p>\n

We have grown accustomed to Willis Tower Watson’s quarterly insurtech report providing a good state of things.\u00a0 The\u00a02021 Q1 report<\/a>\u00a0shows there to be another record amount of funding ($2.55B) on record number of deals (146).\u00a0 Eight companies had mega rounds (+$100 M), also a record, accounting for the majority of the growth.\u00a0 For public insurtechs,\u00a0a new index HPIX was launched this week by Hudson Structured Capital<\/a>, it is unique and will give us a way to monitor the newly public entities as a sector.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback on topics and items you would like to hear about.\u00a0 Please schedule a meeting if you would like to discuss anything further.\u00a0 Look for some changes to these updates and other content on our ODS and IBOOM offerings.\u00a0 Stay productive, stay safe and stay in touch!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hi Friends!\u00a0 This week in insurance we are following broker updates, Greenberg comments and<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Broker updates, Greenberg Comments & State of Insurtech - 4\/30\/2021 - Wikifri<\/title>\n<meta name=\"description\" content=\"This week in insurance we are following broker updates, Greenberg comments and the State of Insurtech.\u00a0 Here are the three things we learned this week:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-4-30-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - 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