Arch-backed MGA Archipelago aims to address PL underinsurance with data driven fair pricing

Angus Simpson Archipelago
Archipelago

Arch Insurance-backed managing general agent start-up Archipelago Risk Insurance has announced that after a six month “pilot” it is ready to open the doors in a “controlled way”.

The MGA begun underwriting in March this year with its ‘lifestyle’ offering that provides up to five covers: home, motor, travel, pet and property owners.

Household is the minimum baseline

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Claims service stayed steady at end of 2024

The consistent improvement in claims service seen over the last 18 months plateaued at the end of 2024, with the market average NPS remaining at -4 and just one point up on the NPS recorded at the end of 2023.

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