The Equine market has experienced unprecedented losses since 2018/19 (around 12 horses globally, with a total value of $140 million). This has hardened the direct and reinsurance markets in a way I haven’t seen in my more than 40 years of experience. Premiums have gone up correspondingly, particularly in Australia and parts of the UK and US.
Our clean balance sheet and lack of legacy claims make us less vulnerable to this challenging market than our competitors. It means we can focus on using data and analytics to help us make the right underwriting decisions, now and in the future. We can also work on strengthening our relationships and extending our offer to include equine-related products. (For example, personal accident, liability and property.)
This will give you the convenience of having a full-service solution for your equine insurance needs. At the same time, our use of data will give you the peace of mind that we’ve considered your risks comprehensively.
