Specialist reinsurance dealer Miller has entered the parametric insurance coverage area, launching a devoted world workforce.
This new workforce will give attention to the applying of parametric insurance coverage throughout numerous industries, providing options past conventional pure disaster triggers.
It will likely be primarily based in London and led by Alice Glenister, who has expertise in parametric underwriting and insurance coverage.
The parametric insurance coverage workforce at Miller goals to offer shoppers with tailor-made options, starting from standard pure disaster triggers to bespoke programmes.
These embody discount in yield, cyber downtime and wind deficiency insurance policies.
Miller stated the growth kinds a part of its dedication to diversifying its choices and assembly the precise wants and threat profiles of its shoppers.
Entry probably the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
helpful
choice for your small business, so we provide a free pattern which you can obtain by
submitting the under type
By GlobalData
Beforehand, Glenister held the position of director of insurance coverage at Mastercard, the place she targeted on data-led and payment-led options.
She additionally brings underwriting expertise from her tenure at Generali.
Becoming a member of Glenister within the parametric insurance coverage workforce are Charlie Liddle, previously of OneGlobal, and Rowan Minhas from inside Miller.
Miller head of power & building Martin Henderson stated: “The formation of this specialised workforce underscores Miller’s ongoing dedication to innovation and client-centricity, permitting us to develop and implement cutting-edge parametric options tailor-made to fulfill the various wants of shoppers throughout numerous industries and geographic areas.”
Glenister added: “That is an thrilling alternative to broaden on the parametric work Miller have been doing and I’m delighted to be main the formation of this devoted world workforce. Parametric insurance coverage provides quite a few benefits over conventional insurance coverage merchandise, together with sooner claims processing and better transparency.”
This workforce formation follows Miller’s appointment in January of Ollie Spells as head of London property facultative enterprise, bolstering the corporate’s International Facultative workforce.
In December 2023, Miller partnered with Salesforce to leverage its synthetic intelligence and cloud instruments to reinforce productiveness.
The middleman stated it’ll deploy Salesforce Einstein and Monetary Providers Cloud to optimise operations throughout the corporate.
