How can the industry use increasingly sophisticated data to assess flood risk more accurately?
The insurance industry’s approach to fraud has progressed enormously over the past 20 years but there is still more to be done.
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
At the Consumer Electronics Show in Las Vegas, nine motor manufacturers exhibited autonomous car prototypes. What does this technological leap mean for the future of motor insurance?
Axa is collaborating with Lexis Nexis to bring more data and analytics to its home, motor and commercial vehicle books.
In October, research organisation Gartner declared the start of the ‘Digital Industrial Economy'.
Over 90% of senior insurance executives believe big data will drive competitive differentiation in future.
Data has always played a significant role in all key stages of the insurance customer lifecycle. But, increasingly, the onus is on insurers to take all the necessary steps to understand their customers, validate the information provided and assess the…
Project aims to reduce costs for insurers, speed up underwriting and ultimately bring down motor premiums.
It is difficult to overstate the impact of the digital revolution. To take one metric, the number of global mobile phone subscriptions is now 6.8 billion, according to UN agency The International Telecoms Union. It predicts that this figure will…
The rise of telematics in the insurance industry is, relatively speaking, a recent phenomenon.
A recently published survey found the insurance industry was, at best, responding to less than 20% of the risks businesses face.
How hip can managing general agents be? In UK commercial broking, MGAs have become a must-have accessory, with most of the big brokers bolting on MGAs to their distribution portfolios.
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
Long hailed as the next big thing in motor insurance, telematics is still yet to really take off in the UK – so what’s holding it back?
Over 100 insurance professionals gathered in Hong Kong last week to discuss how to use data and analytics in their day to day businesses.
Not satisfied with solely battling organised motor fraud, Insurance Fraud Bureau director Ben Fletcher tells Post how, through better industry collaboration, the IFB could extend its remit to other areas.
Insurers welcome the availability of more information on their insureds, but the handling of so much data presents many challenges. Sam Barrett investigates.
Is there a potentially untapped market on the continent for non-standard customers? Katie Marriner investigates.
Insurance software company CDL has released a management information solution to enable insurers’ retailers to apply big data analytics to their operations.
Insurers should be wary of rushing into the telematics market alone – pricing, legacy technology and cost mean collaborating may be a wiser strategy.
After all the protracted pandemonium for motor insurers, discipline is now needed, says Colin Batabyal, personal lines director, Covéa Insurance
Consumers may be posting increasing amounts of personal information on social media but many view the idea of companies exploiting it as intrusive, insurers were warned yesterday.