Insurers that have been pricing and reserving using a discount rate of between 0 to 1% may face a short term financial hit, analysts have warned.
Travel insurers will have to ‘signpost’ policies that have exclusions over pre-existing medical conditions.
Insurers win two-thirds of legal disputes against their commercial policyholders when a claim is disputed.
Evan Waks has been appointed as Ageas UK’s chief risk officer and will start with the business in September.
The government has set a new discount rate of minus 0.25% - a much lower number than the expected 0%.
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, LexisNexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
On Wednesday night Admiral chair Annette Court won the Achievement Award at The British Insurance Awards.
An insurtech providing software to the insurance industry is a far cry from qualifying as a lawyer in Italy, but Scheme Serve's Valeria Altavilla isn't looking back.