The First Filter: Why Location Determines Viability in Commercial Underwriting
By Gareth Baines, PARTNER RISK Solutions The insurance market has shifted materially in recent years, and from where I sit, the way risks are presented has not always kept pace. Loss events that were once contained to a single site now regularly affect multiple assets, locations and entire portfolios simultaneously. That shift has changed what […]
ESG in Short-Term Property Underwriting: Which Letter Truly Matters?
By Gareth Baines, PARTNER RISK Solutions There is a conversation happening in commercial insurance that I think deserves more scrutiny than it is currently getting. ESG has arrived in underwriting, and by most accounts, it has arrived to stay. Reinsurers reference it in treaty discussions. Risk questionnaires now carry ESG scoring sections. Insurers have incorporated […]
Fire Team Readiness: An Often Overlooked Component of Fire Risk Management
By Ruben Els, AM SAESI, FPSP ECSA, Director – Operational Risk Services, Riskonet. With editorial context provided by PARTNER RISK Solutions. Context: Fire Risk, Loss Prevention and Operational Readiness Recent large-scale fire losses, including several high-profile industrial and commercial incidents across the Western Cape, have once again highlighted the severity and long-term consequences of fire […]
Business Interruption: Insights into Turnover Trends and Savings
By Jolene Visser CA (SA), Managing Director, Forensure. How Standard Turnover and Savings Shape Business Interruption Outcomes Business Interruption (BI) insurance is one of the most technical and misunderstood areas of insurance. At its core lies a structured financial model, often referred to as the BI formula, which aims to quantify loss in a consistent […]
Reinsurance for Direct Insurers: When Fac Fits the Frame
By Gareth Baines, PARTNER RISK Facultative reinsurance (Fac) divides opinion in our industry, and it always has. Some underwriters treat it as an essential tool for managing exposure. Others see it as a last resort for reinsurance support, as most if not all accepted risks should be written to net and treaty (N&T) reinsurance. I’ve […]
Better Insurance Placement Through Broker-Underwriter Collaboration
In commercial property insurance, brokers and underwriters share the same goal – to secure the right cover for the client, on the right terms, with clarity from the outset. Yet even with this shared purpose, there’s often a gap between what brokers expect from the commercial insurance underwriting process and what underwriters need in order […]