Ep298 Tessa Wardle QBE Portfolio Solutions: Indexing the Market

The growth of the portfolio solutions segment of the market has been one of the most exciting and interesting developments in global insurance in the past five years.
The streamlining of placements in syndicated insurance markets is producing scale, speed efficiency and cost benefits for underwriters, brokers and their clients alike. And this is a phenomenon that is really only just getting into its stride.
Billions of dollars of premium are now being transacted this way as brokers look to facilitise significant percentages of their placements while consortia and other underwriting pooling arrangements proliferate.
As Director of QBE Portfolio Solutions, Tessa Wardle runs one of the lead markets for this pioneering form of delegated authority underwriting and collectively her small team underwrite on a scale that in premium terms is many multiples of that achieved by conventional market underwriters.
In this podcast we look at where this phenomenon is likely to be heading, as well as delving into the core mechanics of just how business of such a high volume is transacted in practice.
What are the core skills of a portfolio solutions underwriter and how do they differ from conventional underwriting practice? And what are the principle levers and controls that senior executives like Tessa have at their disposal to keep these huge contracts on track?
It’s a fascinating world that is in many ways revolutionary, but in many others reassuringly familiar.
Tessa is an excellent guest and one of the best qualified people to guide us through this huge change in global insurance business flows and give us an idea of where the trend will be heading as it matures.
LINKS:
We thank our naming sponsor AdvantageGo, now part of Sapiens:
https://www.advantagego.com