Pricing
272 whitepapers and resources
Pricing
Ensuring essential insurance satisfies the consumer
After the FOS stated it expected to receive an uptick in complaints from consumers who opted for cheaper car premiums without realising the impact this would have on the level of cover, this article examines how the differences between standard and essential policies are communicated.
FCA is banging its head against a wall on fair value
Following yet another thematic review where the Financial Conduct Authority says firms are unable to show fair value, and are even breaching rules, this article considers how the regulator could tackle poor conduct and if a commission cap could be on the cards.
Why are HNW MGAs dropping like flies?
After numerous MGAs operating in the high-net-worth space have either been sold or gone into run-off over the last few years, this article explores what it takes to survive in this space.
Five ways to simplify commercial lines
The commercial lines insurance industry stands at a pivotal crossroads, where unprecedented challenges meet boundless opportunities for innovation. This guide explores five key challenges facing the market and how commercial lines insurers can tackle them head on.
Is embedded insurance friend or foe?
While embedded insurance offers exciting opportunities for growth and customer convenience, it comes with inherent risks. This article sheds light on how to ensure the convenience of embedded insurance does not lead to a lack of informed decision-making plus a repeat of the PPI mis-selling scandal.
How can MGAs strike a perfect balance between competitive pricing and profitability?
For MGAs, there is a fine balance to be found between pricing competitively to attract customers, whilst avoiding aggressive pricing that can lead to underwriting losses if risks aren’t fully understood. This content focuses on how MGAs can unlock the power of data-driven pricing and underwriting.
Body cameras improve claims dispute times and pricing
Last year AXA started to provide body cameras free of charge to contractors in a move it claimed would enable broker clients to highlight best practice to its underwriters. This article looks at how body cameras can help decrease the length of claims disputes involving brokers.
Dynamic deployment and AI: A dynamic duo for price transformation
Insurance’s dynamic duo - dynamic deployment and AI - enable real-time data analysis, personalised policy pricing, and risk assessment, resulting in powerful price transformation for today’s insurers. This podcast unpacks how dynamic deployment and AI provide competitive, risk-adjusted pricing.
Video: How to educate consumers about the value of insurance
Ways to make sure consumers understand the value of insurance rather than just see the price is the topic of this Insurance Post Top Tips video, featuring Martyn Mathews, managing director of SSP Broker.
Beyond bundles: How packaged insurance and AI are speeding up the pace of progress
Packaged insurance is transforming the insurance landscape, delivering convenience, cost-effectiveness, and comprehensive protection to consumers and businesses. This blog highlights how AI capabilities are emerging to play a leading role in enhancing insurers’ ability to cross-sell and upsell.