This blog highlights how insurers are already making use of the Internet of Things (IoT) in motor insurance and how IoT can help insurers manage risks and claims in other areas including residential property, commercial property and general liability.
In this video, Jonathan Guard, Commercial Insurance Director at LexisNexis Risk Solutions sheds light on how an increase in online quotations and automated underwriting is impacting commercial lines, before highlighting the new solutions available within the business and commercial property space.
In this video, Stuart Goldsmith, Product Manager, LexisNexis Risk Solutions, describes the cost of cancellations for the insurance business and the power of data in predicting policy cancellations.
FM Global were involved at every stage of the construction of a new Hershey’s chocolate production plant in Southern Malaysia. From site selection, review services and project management, our engineering experience and WorldReach® partner network has opened-up new sales markets for the US company.
Connected home technology is in nearly one in three homes, yet many consumers have held back from purchasing devices. This infographic highlights the barriers to purchasing devices and the risk prevention technologies that can be promoted to persuade consumers to adopt connected home technology.
The FCA’s interim report sets out concerns about how pricing in the home and motor insurance markets leads to consumers who do not switch or negotiate with their provider paying high prices for their insurance. This report also sets out some potential remedies to tackle concerns about pricing.
Thirty percent of consumers use at least one connected home technology device, with consumers placing a relatively high degree of trust in a recommendation from a home insurance provider to adopt connected home technology. This infographic illustrates the biggest influences for purchasing a device.
As new connected home technologies come to market, the general consumer interest in such technologies is growing. This infographic highlights consumer attitudes towards connected home technology and how insurers can leverage these technologies to benefit policyholders and reduce claims.
The insurance industry needs to understand the demands of its future customers if it is to meet their expectations. EXL’s head of UK and Europe and SVP Insurance, Nigel Edwards explains how smarter insurers will adopt personalisation and a frictionless purchasing and servicing experience to win out.
Based on insights from Post’s SME Insurance Risk Survey, this article sheds light on why the take-up of cyber insurance among SMEs is so low, the perils of underinsurance and the biggest concerns among SMEs that might encourage them to increase their cyber cover through brokers or insurers.