Insurance providers need to up the ante in their predictive capabilities as the frequency and severity of extreme weather-related events continue to escalate. This article highlights why insurers should face up to the winds of climate change and use predictive modelling to mitigate risks.
This case study explores how a regional property insurer’s partnership with LTIMindtree and Duck Creek led to the launch of a direct-to-consumer channel for personal lines homeowners’ products, allowing for a true multi-channel experience for their customers.
Corporations can face costly losses after an earthquake, but insurance is becoming more expensive. As more corporates choose parametric earthquake insurance to cover their exposure, this report looks at how parametric earthquake insurance works and how sensor technology works to trigger policies.
Read the findings of the FCA’s multi-occupancy buildings insurance broker remuneration review, its conclusions and next steps. One of the findings in the broker market was evidence of some high commission rates and poor practices which were not consistent with driving fair value to the customer.
This report reviews the techniques and tools available today to help insurers understand, manage and mitigate natural hazard risk for properties they are insuring.
The need for speed, accuracy and personalisation are reshaping the underwriting landscape for small commercial property risks. This blog sheds light on the latest advances in small commercial underwriting and how insurers can leverage accurate data to meet the needs of small business owners.
Insurers are now expected to provide information that helps customers learn about policies, compare options and even complete an application from virtually any connected device, 24/7. This whitepaper focuses on how P&C insurers can supercharge sales by improving the digital customer experience.
Analysis by the Environment Agency indicates that there could be a large increase - of up to 50% - in the number of houses built on flood plains over the next 50 years. This blog highlights how home insurance providers can leverage geospatial data to mitigate flood risk exposure.
The number of IoT connected devices is expected to increase to over one trillion devices by 2025, providing an enormous data set for insurance analysis. This blog highlights how IoT is driving innovation within motor and property insurance, whilst also reducing workplace risks.
Following the Grenfell tragedy, the cost of buildings insurance to residential leaseholders and other property owners of multi-occupancy buildings has increased. This report examines the causes of those increases and sets out a range of recommendations and potential remedies to address the issues.