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RSA improves risk model

RSA has improved its geographical risk assessment model to include more than 100 updated features and take into account newly constructed flood defence schemes.

The GRA tool, launched in 2002, is used to assess the risk of arson, crime, flooding and subsidence. The tool provides a risk score for each peril at an individual property level. The GRA system

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FCA’s Reynolds outlines insurance priorities

Graeme Reynolds, director of competition and interim director of insurance at the Financial Conduct Authority, takes centre stage in the latest Insurance Post Podcast, setting out the regulator’s key priorities for the market.

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