AI and automated machine learning bring five new dynamics to P&C insurance operations that empower companies to pursue substantial improvements in loss and combined ratios. Read this eBook to learn about the five ways that P&C insurers are taking advantage of AI and automated machine learning.
Record-breaking flood events are becoming a fact of life, yet at present, there are almost 500,000 homes that have been given planning permission and are waiting to be built on a flood plain. This blog focuses on how defining property flood risk protection can help build flood resilience.
In this special ‘Future Edition’ of Post – in association with Verisk – we take an educated guess as to what might be happening a decade from now. To do this we pulled together six main topics: motor insurance; personal injury; property insurance; the London Market; climate change; and eco-systems.
Business in the Community estimates 40% of small businesses close for good after a catastrophic loss from flooding. This report provides an expert guide to commercial flood risk and the threat that flooding poses to businesses in Britain.
Flood and coastal erosion risk too extensive to solve without collaboration, verified property-level data
The UK has been building homes in the highest risk national flood zones at a rate of around 10,000 per year. This blog highlights why there is a need to close the circle on community flood resilience and how verified property-level data can help to standardise risk management at a granular level.
This content provides a summary of FOIL’s roundtable discussion which focused on escape of water damage claims. Topics covered include the rising cost of claims arising from the escape of water in domestic properties and what steps can be taken to mitigate the damage when a leak occurs.
What does the future hold for property insurance? In the latest instalment, Jonathan Swift looks at how in 10 years’ time new technologies from the Internet of Things to remote survey technology will see the property insurance sector move from a responsive model to a predictive one driven by data.
Fire is never a gentle master: What we’ve learned from previous crises on the rise of insurance fraud
This content sheds light on insurance fraud trends during previous crises, the factors driving SME fraud during the current crisis and why now is the time for insurers to invest in solutions that could save them from paying out fraudulent (fire) claims in the post-Covid period.
During the lockdown period, Crawford & Company has reported a 40% increase in reported fire-related incidents. This report focuses on the impact of lockdown on the number of UK commercial and domestic fire claims, as well as the factors contributing to the increase in fire-related claims.
Now we are emerging from lockdown, a new set of uncertainties have, understandably, come to the surface for many landlords. Karen Parry, a solicitor at Markel Law, sheds light on the recent developments that concern landlords and tenants, and highlights factors to consider before taking a lease.