Data analytics
Claims Club: IFB will move to GWP levy in 2017 and broaden stakeholders to include aggregators and affiliates
The Insurance Fraud Bureau will move to a gross written premium levy from 2017 after undertaking a 2015 consultation of five key principles including its funding model.
Career Development: Big data will only bring big insights with human capital
Insurers and brokers are investing in big data, in a big way. But while many firms are spending significant sums on the tools and systems to pool and analyse this information, investing in the necessary human expertise to extract value from this data has…
Cash-for-Crash Fraud: Beating the fraudsters
The Welsh Police have done a sterling job breaking a large car insurance fraud ring in South Wales – but there are fears such scams will go undetected unless the British insurance industry improves its detection powers
Peak Re appoints underwriter manager and head of analytics
Hong Kong-headquartered reinsurer Peak Re has appointed Iain Reynods as head of analytics with Lawrence Cheng moving to head of product underwriting.
C-Suite: Making claims fit for a digital era
There is a still much work ahead for insurance companies to bring claims into the digital era writes Alson Ong.
Blog: Five technologies brokers should consider for 2016
With interest rates set to remain low and ongoing compliance demands taking their toll, few brokers are totally out of the woods post-recession. You'd imagine that not many are in the mood for spending...
Blog: Putting the brakes on the slippers
Fraudulent trippers and slippers make hay in icy weather but the use of analytics can stop them in their tracks.
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
Europe: What the new privacy regulations mean for insurance services providers
It's almost upon us. After an epic journey, the much vaunted overhaul of European data protection rules has arrived, placing a tougher compliance burden not only on insurers, but also on companies that provide services to them.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?
Europe: What's driving telematics growth
Alongside North America, Europe so far represents the vast majority of all insurance telematics policies, with Italy and the UK leading the pack.
Insurers shifting towards wholly digital sales process, Accenture finds
More than half of insurers globally expect to have a wholly digital sales process in the next three years, according to research from Accenture.
More data needed to assess impact of telematics on young driver collisions, DfT finds
A Department for Transport report has concluded insurance data alone is not sufficient to assess the impact of telematics-based insurance on young driver accident rates.
Europe: Cyber thieves - the nightmare before Christmas for insurers
The nights are drawing in, Christmas is coming, and retailers are getting fat on the back of Black Friday and Cyber Monday, which have boosted annual high street sales this year to record levels.
C-Suite - Broker: Time to go big on analytics
Brokers need to respond quicker to client demand for recommendations based on big data.
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
FCA launches big data investigation in GI sector
The Financial Conduct Authority has launched a "call for inputs" on the use of big data in the general insurance sector.
State of Insurer Nation Blog: Understanding risks and improving operating results in the digital era
The digital age is truly upon us, with consumers looking to both research and purchase products using a wide range of devices, wherever and whenever it suits them.
Blog: What the Data & Tech Awards entries reveal about the state of the insurance sector
I was thrilled to be invited by Post to help judge the Data, Analytics and Technology Awards for Insurance 2015. The process provided a welcome opportunity to broadly assess how the insurance has adopted new technology and to review a number of best-in…
Smartphones equal to black boxes if data quality is high, Wunelli says
Smartphone telematics data can be of an equal quality to black box data so long as companies are aware which data is not good enough to be used, according to telematics provider Wunelli.
State of the Insurer Nation Blog: Extracting value from data through robust policies and expertise
One of the key drivers of innovation in today's insurance market is the ever increasing volume and diversity of data available to insurers, and their ability to apply insight drawn from this data to provide competitive advantage.
Roundtable: Technology: Are insurers ready for the next technology revolution?
What are the forthcoming trends insurers are likely to face?
Blog: Into the Solvency II home stretch
Time moves fast in the autumn. The moment summer ends, Halloween is upon us, followed rapidly by Bonfire Night, Christmas, New Year... and, oh yes, Solvency II.
Insurance Data & Analytics 2015 as it happened
Couldn't make it to the Radisson Bloomsbury for Post's Insurance Data & Analytics event?