Insurers are coming under increasing pressure to develop new ways of pricing. But, while data and technology hold the key, insurers face some significant challenges as they move to this brave new world.
Exclusive: The industry’s gender pay gap numbers remain relatively static, with experts warning that it could be up to a decade before the impact of recent diversity initiatives are reflected in the numbers.
Exclusive: Insurers have welcomed the Association of British Insurers’ backing of ethnicity pay gap reporting, but data collection may pose a challenge for firms if the government mandates it.
Marsh UK CEO Chris Lay has decried the lack of a 'pipeline' of women in line for senior roles, urging for flexible working as a possible solution.
With an increasing focus on CSR and technology, choosing partners that can align with an insurer's core values has arguably never been more important. Edward Murray looks at the factors supply chain managers now consider important when choosing the…
Future insurance claims will be settled with little to no human involvement and insurers will have to adapt to the impact of technology if they are to survive, a report from PWC has found.
The Big Four audit firms have seen a fall in quality in the past year owing to a “failure to challenge management”.
It was never going to go well. Even a year ahead of the results, industry figures were predicting that the industry would shame itself when the gender pay gap numbers were published.
Insurers need be wary of one of the biggest traps in new product development – building it because you can, not because you should, when it comes to blockchain. Neil Edwards, CEO of The Marketing Eye, explains why to succeed this technology needs to…
There needs to be a significant shift in how cyber risk is understood and managed to help boards have a more accurate view of potential losses, as well as opportunities. Robert Vescio, chief analytics officer, SSIC, explains how using five peril…
China-backed hackers have the technical capabilities to cause insurers extensive losses, a consultant warned.
The surprising departure of Brendan McCafferty as the CEO for intermediated and direct at Axa Insurance last month got me thinking.
Confidence in the market among general UK insurers dropped last year with Brexit set to impact business volumes, according to a survey.
AIG has created a government regulatory role for its international businesses.
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Wherever you turn, Amazon seems to be the talk of the town.
Just one in ten UK small businesses have cyber insurance, according to a survey.
The Chartered Insurance Institute has disclosed its gender pay gap information ahead of the April 2018 deadline.
Insurers consider the impact of the proposed U-turn on the Ogden rate
Legacy systems and industry culture are preventing incumbents insurers from innovating, writes Jane Disney, financial services industry value engineer at SAP, urging the sector to rethink itself as support services.
People from black, asian and minority ethnic backgrounds earn 12.8% less than others at PWC, the firm revealed.
The government’s Ogden decision may not curb expected reinsurance pricing rises, LV general insurance managing director Steve Treloar has said.
Follow reactions to the draft reform to the Ogden discount rate reform in our live blog.
The inaugural Claims Conference Sydney took place on 29 August. Chairman Andrew Tjaardstra summarises four key themes from the event.