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 blog highlights how geospatial data visualisation tools offer commercial property insurers the ability to plot out the direction of severe weather events, calculate exposure and communicate with policyholders to help mitigate damage from an upcoming event.
In this blog, Richard Toomey, Senior Manager, Commercial Insurance, UK & Ireland, LexisNexis Risk Solutions, highlights how LexisNexis® Map View helps property insurers to write more profitable business, and form a comprehensive and accurate view of the risk of a property at address level.
This content focuses on why many insurance companies are turning to intelligent automation to support existing underwriting functions and leverage the value of data. Download this article to discover how digital workers can complement human underwriters and enhance the customer experience.
Underwriters often shake their heads at the almost insurmountable challenge of structuring risk selection and fraud detection, but what sounds like an unsolvable problem, isn’t. This content highlights the tools available to help underwriters make informed decisions based on real-time insights.
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.