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January 7, 2022

CFC combines medical malpractice and healthcare teams

Specialist insurer CFC has announced plans to combine its UK and international team of experts in eHealth, medical malpractice, and allied health.

CFC claimed that move will result in the formation of the ‘largest’ healthcare team in the London market.

The new team has 15 underwriters working across 80 countries with 1,600 brokers catering to 6,000 end clients globally.

It will report to CFC head of professions and healthcare Tim Boyce.

Boyce stated: “While the convergence of medicine and technology has been quietly underway for several years, the pandemic forced a massive acceleration in the adoption of digital health solutions.

“We believe that bringing our experts together under one operating unit will deliver the skills and focus required to continue to create insurance and risk management solutions that are fit for purpose and mitigate the rising tide of emerging threats to patient safety.”

In October 2021, CFC secured a major investment from European private equity firms EQT and Vitruvian Partners.

In a separate development, Duck Creek, a technology vendor for P&C and the general insurance industry, has joined forces with information services firm Experian.

The tie-up is aimed at allowing general insurers in the UK to enhance underwriting quality and claims handling by leveraging consumer data.

Duck Creek and Experian will offer an on-demand software-as-a-service (SaaS) solution using the latter’s iCache platform, which allows integration of critical risk information during the underwriting process for buildings, motor, and contents insurance.

Duck Creek Technologies partner Douglas Rudd said: “Combining the breadth of critical consumer Experian data with the technical market know-how and expertise provided by Duck Creek are key to helping insurers accelerate their speed to market and operational resilience.”

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