The Great Softening

Q1 2024 ends with a persistent soft-cycle in the casualty market, driving a race for competitive discounts and challenges for brokers, insurers, and MGAs. Brace for a rollercoaster 2024.

Patsy Fagan – employee profile

At the heart of our business, it's the people who shape its essence and drive its success. This series is dedicated to introducing the vibrant personalities and diverse expertise that make up Servca.

Broker profile: Macauley Geddes

At the heart of our business, it's the people who shape its essence and drive its success. This series is dedicated to introducing the vibrant personalities and diverse expertise that make up Servca.

Your Guide to Choosing the Perfect Lloyd's Broker

In this article, we speak to Edwin Rajadurai, Group Managing Director of Servca, about the critical importance of independent and specialist advice when working with a Lloyd’s broker.

What we expect from construction in 2024

Expectations for 2024: Insolvencies and chain disruptions, revival factors, new trends shaping the industry and ESG factors.

Case Study: Servca successfully places multi-faceted Professional Indemnity (PI) policy initially rejected by the market

Servca was approached by a broker-client seeking assistance in securing terms for an energy broker. The insured faced difficulty in obtaining terms from their holding insurer due to changes in the insurer’s appetite, and the diverse range of services the insured provided.

Broker profile: Callum Sullivan

At the heart of our business, it's the people who shape its essence and drive its success. This series is dedicated to introducing the vibrant personalities and diverse expertise that make up Servca.

2024 Professional Indemnity Outlook

With 2024 now well and truly underway, Servca’s forecast for the Professional Indemnity (PI) insurance market suggests it’s going to be a year of opportunity. We anticipate a broker-led market, marking a departure from the trends of the past two years where PI premiums and conditions were largely dictated by underwriters.

Key Predictions & Trends for the UK Cyber & Technology Insurance market for 2024

2023 was a great year for Servca in the Cyber Insurance market. We established a fully-fledged product offering, opened 35+ new markets and exceeded our annual targets two-fold.

Case Study: Wind farm and renewables specialist, experiences dramatic coverage increase: Professional Indemnity limits increase from £1m to £6.5m

Servca was approached by a broker-client to assist in securing terms for an insured who had faced challenges in previous years. The insured had been unable to increase their limit due to a lack of market interest in their risk profile.

What is Multi-Factor Authentication? (MFA)

MFA has become one of the baseline security requirements for cyber insurers across the board. Discover what MFA is and how it is utilised.

What is Technology Professional Indemnity? (E&O)

Technology Professional Indemnity (E&O) is an insurance policy that safeguards professionals and companies within the technology industry against claims. Discover who needs it and what the policy exactly covers.

Why should landlords obtain Commercial Building Insurance?

Letting out a residential or commercial property can be a great investment, but as a landlord, you must ensure that you have the right Commercial Building Insurance in place. Discover how to get an accurate sum insured for your property and the potential limitations of an "Average Clause".

Navigating the Canadian insurance landscape in 2023

2023 will be a difficult year for the Canadian insurance market. The uncertainty of a looming recession, sky-high interest rates, and the prevailing hard-market all point to challenging placements for local brokers.

Should Cyber Insurance be regulated & mandatory for firms? 

In today's world, most companies are operating and transacting online increasing their overall exposure to cyber-related risks. We have highlighted the pros and cons of making Cyber Security Insurance a compulsory purchase.

Financial Institutions Insurance: Is your financial institution at risk? What coverage do you need?

Financial institutions have been exposed recently to more risks. Here are the key covers to protect your business.

What does 2023 hold for the construction insurance market?

The current economic environment is expected to put a strain on the construction insurance market. Here are our expectations and recommendations for successfully navigating the coming months.

A View from Me on '23: Dr. Edwin Rajadurai, Servca

2022 saw a 5-10% increase in healthcare renewals that didn't change exposure. What's in store for 2023? Recently our Managing Director Dr Edwin Rajadurai sat down with Emerging Risks Media to offer a "View From Me on 23".

D&C and A&E Professional Indemnity - Q1 2023 Market Prediction

With ongoing challenges such as inflation, rising interest rates, and extra competition, these trends will likely shape the Professional Indemnity market in 2023.

Cyber Insurance Predictions & Trends For 2023

In 2022, Servca experienced our most successful year to date for Cyber Insurance programs, with exponential growth in risks that needed placement in the London market. However, we need to look into the future and determine the factors that will determine success in 2023.