016: The Future of Underwriting & Claims: Investing in Long-Term Success with Andy Hurrell
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016: The Future of Underwriting & Claims: Investing in Long-Term Success with Andy Hurrell
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In this episode, Mike Keating sits down with Andy Hurrell, Founder of Corin Underwriting, to discuss the critical role of claims investment in sustainable insurance models. They explore why claims management must remain a priority regardless of market conditions, how MGAs can maintain strong relationships with third-party capital, and strategies for attracting the next generation of underwriting talent. Andy also shares insights on Corin Underwriting’s plans for 2025, including expansion into Europe and steady, strategic growth.
Key Quotes:
"We have to invest in claims. It’s ultimately what policyholders rely on." "MGAs cannot exist without third-party capital, and that capital expects a return on investment." "Attracting next-gen talent is a challenge—we need to make insurance more engaging and accessible." "We want to champion the virtual insurer model while ensuring safe, steady growth."
Resources:
Corin Underwriting - https://corin.com
About the Guest:
Andy Hurrell is the Founder of Corin Underwriting, a specialist MGA focused on innovative and sustainable underwriting solutions. With extensive experience in underwriting and claims management, Andy is passionate about driving innovation in the insurance sector and fostering the next generation of industry professionals.
Andy Hurrell LinkedIn - https://www.linkedin.com/in/andy-hurrell-60701627/
About the Host:
Mike's extensive expertise in the insurance sector has allowed him to witness and adapt to the dynamic shifts within the industry. Throughout his 40 year career, he has navigated the traditional realms of insurers, brokers, and MGAs (Managing General Agents) across both Commercial and Personal Lines markets.
He has held Executive positions at AXA, Midas, UK General and most recently Insurtech start up Qlaims before becoming Chief Executive Officer at the MGAA in September 2020.
Mike is excited about the new MGAA podcast series, which aims to showcase key figures in the UK insurance industry and beyond, providing insight into the challenges and opportunities that the MGA industry encounters.
Mike's LinkedIn Profile: https://www.linkedin.com/in/michael-keating-230b8424/