Underwriting
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Underwriting
Underinsurance concerns mount as HNW clients cut cover
Ecclesiastical, surveyed 100 brokers finding 29% believe all HNW clients are underinsured, up by 4% on a similar poll one year ago. With a quarter of clients reducing cover during the past year, this article explores growing concerns about high-net-worth underinsurance.
Over half of businesses have no flood action plan
A survey by Previsco has revealed that 54% of public sector and private companies do not have an action plan in place to deal with the increased risk of flooding. This article explores the risks for businesses and the importance of a flood action plan.
Broker HNW clients less concerned about underinsurance than a year ago
A survey of 250 HNW individuals conducted by Ecclesiastical found that more than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued. This article explores how brokers can seize this opportunity to talk to their HNW customers.
Blog: Are conflicting messages on risk controls and rates eroding trust in cyber expertise?
Is a failure to heed the cyber insurance lessons of the past undermining efforts to shore up its sustainable future? Ian Summerfield, head of cyber at Pen Underwriting, discusses whether conflicting messages on risk controls and rates are eroding trust in cyber expertise.
Spotlight: Buildings underinsurance – a hybrid solution?
The issue of underinsurance has created a dynamic landscape of both opportunity and challenge in the field of buildings insurance valuations. This article explains how the current period calls for innovative solutions that align with technological capabilities.
Spotlight: Buildings underinsurance - what can be done?
While tackling underinsurance can lead to greater levels of trust between an insurer and the policyholder, failure to take action can have significant downsides including reputational damage and even legal action. This article focuses on how insurers and brokers can tackle buildings underinsurance.
Spotlight: Why buildings underinsurance is bad for business
Based on current statistics, the insurance industry has some way to go in tackling buildings underinsurance. This content highlights the perils of buildings underinsurance any why brokers that make a concerted effort to address this issue can demonstrate value to clients and drive increased loyalty.
Podcast: How to support vulnerable insurance customers
This Insurance Post podcast explores the steps insurers should take to understand the needs of customers in vulnerable circumstances and ensure their products and services are suitable.
Best practices for insurance underwriting case management
Underwriting management is a delicate balance of speed and accuracy. This blog sheds light on four best practices to consider when addressing insurance underwriting process transformation and the key benefits of end-to-end underwriting systems with automation capabilities.
Why home insurers must cut to the chase
Why has the cost of home insurance suddenly gone through the roof? The Guardian has been inundated with complaints about huge price rises, for building and contents cover. This article explains what is pushing up home insurance premiums.