Usage-based insurance means ‘pay-how-you-drive’ and provides a way for motor insurance companies to set premiums based on individual driving habits. This blog provides a brief overview of technology adoption within Australia’s motor insurance market and what makes usage-based insurance possible.
The final report of Australia’s Banking Royal Commission has highlighted a multitude of pressing issues in the banking, financial services and insurance industries. This short guide highlights the implications and how organisations can navigate the changing regulatory landscape.
EXL’s Governance, Risk and Compliance practice specialises in interpreting regulatory mandates and assisting clients on their regulatory transformation programmes. Here we present a quick synopsis of the ongoing Banking Royal Commission of Australia and the implications for the insurance industry.
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.