The pace of change in the ML market has quickened as we have moved into 2020. Prices continue to increase, sometimes dramatically, but cover changes, whilst less obvious, can be highly impactful.
PI: Industry pressures and underperformance have resulted in capacity reduction and a hardening of the PI market. The case for solid analysis and judgemental flexibility in the underwriting process has never been more important. It’s tough out there – here are some strategies that may help – Top 5 tips on Navigating the PI market.
Cyber: according to the government’s cyber security breaches survey 2019, the most common cause of cyber security incidents last year were phishing emails. This is also the key gateway into BEC (Business Email Compromise) – something that is driving nearly half of the cyber matters seen by our incident response services. The main aim of BEC is to access and manipulate payment instructions, but with email inboxes potentially containing a huge amount of information, it is also common for personally identifiable information to be accessed and extracted. We have a wealth of information available at MPR to help our brokers and assist the sales process on our Cyber product page.
Three new Insights and a new Insights page design:
We continue to produce Insights based on common themes discussed with brokers and have produced three more. We have also taken the opportunity to simplify the Insights page for ease of reference and navigation. We hope you like what we’ve done.
