Reconciliations are a vital part of the insurance industry, yet many firms still use manual tools such as Excel to perform these key financial controls. This content sheds light on how AutoRek’s feature-rich reconciliation software solution can help insurers transform their reconciliation processes.
This case study outlines the requirements of IFRS 17, how the AutoRek solution can help overcome these challenges and the benefits that our client, a major international underwriter, receives after implementing our solution.
Covid-19 proved that data science models have their shortcomings and can be less than reliable when deviations occur. In this content, Richard Bakker, head of data science for FRISS highlights the actions the business has taken to ensure its fraud fighting models are reaching optimal performance.
Reconciliation is a vital component of any organisation’s accounting practices and insurance companies are no different. New research reveals the reconciliation challenge facing the insurance industry and the ways insurance firms are increasingly looking to improve and automate reconciliation.
As cyber crime evolves, so must our understanding of where the vulnerabilities lie, and what tools we need to prevent attack. This article sheds light on the evolution of cyber risk and how insurers are responding by implementing innovative cyber risk modeling methods.
Impact Forecasting evaluates the impact of the natural disaster events that occurred worldwide during June 2017. Topics covered: convective storms impact US insurers; seasonal rainfall leads to nearly USD2.5 billion in economic flood damage in China; major wildfires hit South Africa and Portugal.
Discover how retailers are incorporating accurate weather predictions into their demand forecasting to reduce losses, wastage and shrinkage.
Impact Forecasting evaluates the impact of the natural disaster events that occurred worldwide during March 2017. Topics covered: extensive severe weather hits the United States; Cyclone Debbie impacts Australia; proclaimed ‘coastal El Niño’ affects South America.
Produced by Lloyd’s in association with the Met Office, this report analyses the links between extreme weather events occurring in separate regions of the world that can take place over a range of timescales from days to years (known as teleconnections).
This is a companion volume to Global insurance market opportunities that includes the industry's leading set of risk parameters for modelling and benchmarking underwriting risk and global profitability.