Yesterday evening, the 17th ‘Insurance Day London Market Awards’ were held at Hilton Bankside hotel. With over 400 guests, this is one of the largest and well respected events of its kind, in our industry.
For the 2nd year in a row, NITL has sponsored the ‘Insurance Initiative of the Year’ award. This award recognises the initiative that redefines the industry’s competitive landscape and raises the bar for customers’ or partners’ expectations.
The winner this year was JLT Re with kWh Analytics. This initiative shows how insurtech firms are using data to develop risk transfer products, in this case to insure solar energy output. The product reduces the cost of financing solar energy assets by reducing the risk of loss for lenders.