PriyaPatel
TLDR:
Chaucer is transitioning from a follow-only to a lead market for active assailant cover by partnering with Gabriel to create a new insurance product for mass shooting events.
Summary:
Chaucer is set to lead on a new active assailant insurance cover with the help of Gabriel technology. The company is moving from being a follow-only market to leading the way in providing coverage for mass shooting events. This partnership is significant as it shows Chaucer’s commitment to innovation in the insurance industry.
The decision to transition to a lead market for active assailant cover highlights Chaucer’s strategic approach to addressing emerging risks. By collaborating with Gabriel, a Lloyd’s Lab graduate, Chaucer is able to leverage technology to develop a new insurance product that meets the evolving needs of clients facing the threat of mass shooting events.
This move also positions Chaucer as a market leader in the cyber risk insurance space, showcasing its ability to adapt to changing market conditions and provide innovative solutions to complex risks. The development of this new insurance product underscores Chaucer’s commitment to staying ahead of the curve and offering comprehensive coverage options for its clients.
Overall, Chaucer’s partnership with Gabriel to create a new active assailant insurance cover marks a significant milestone for the company as it demonstrates its dedication to addressing emerging risks and providing cutting-edge solutions for its clients.
