Pricing
272 whitepapers and resources
Pricing
The rise of parametric insurance
Parametric insurance is characterised by offering predefined pay-outs that will be paid based on predetermined events or parameters taking place, regardless of the actual loss caused. This blog sheds light on the rise of parametric insurance, areas it can be applied and the benefits for insurers.
Video: Leveraging digital trends in insurance - Part one
How can insurers leverage digital? Part one of this video series briefly highlights how insurtechs and software providers can help insurers improve end-to-end processes within specific areas such as dynamic pricing, automated claims handling and automated underwriting.
Infographic: 2022 UK pet insurance facts
Updated for 2022, this infographic provides a snapshot of the trends, challenges, opportunities and growth drivers for pet insurance in the UK. Topics covered include pet insurance in numbers, claims trends and average premiums.
Can artificial intelligence remove bias in data-driven decisions?
The insurance industry has a natural interest in leveraging data analytics and human bias is an indisputable challenge when we aim to extract business value from data. This content explores five different types of bias and whether AI will make data bias a problem of the past.
Journey to underwriting excellence
The need for hyper-personalised underwriting has taken on a completely new meaning. At the same time, customers are buying insurance via non-traditional channels and are expecting a superior experience. This report focuses on how insurers can use new technologies to achieve underwriting excellence.
How can insurance products evolve as insureds evolve?
This blog highlights two major factors which are shifting for insureds which help inform how the insurance industry can respond by providing innovative new products.
Sustainable underwriting: How insurers can account for ESG risks and enable dynamic pricing
ESG is becoming increasingly prevalent in insurance, both as a source of new risk and of strategic opportunity. This content highlights how insurers can develop meaningful ESG scores for rating and pricing risk by integrating data from a diverse range of sources and automating workflows.
Building trust in analytics: What role should insurers play?
As hidden bias in data and models comes under greater scrutiny, the integrity of analytic processes used by insurance companies is being called into question. This report focuses on the proactive steps the insurance industry can take to become a beacon for the ethical use of advanced analytics.
EPL explained - Employment practices liability insurance
In this video, ARAG's Head of Sales and Marketing, Andy Talbot, talks about developments in the employment practices liability (EPL) market and explains the essential differences between EPL and standard commercial legal expenses insurance.
Next stop for dynamic pricing: P&C insurance
Insurers can now harness the power of massive quantities of customer data and cloud-scale analytics to offer personalised rates in real-time profitably. This report sheds light on the powerful benefits of implementing a modern pricing platform that incorporates dynamic pricing capabilities.