Data analytics
Week in Post: Softball, Millennials, results season, beards, Beale and Jason Bourne
This week the Post editorial team, alongside their colleagues from Insurance Age, sales, events and subscriptions took part in the annual Incisive Insurance softball showdown.
Blog: Big Data and the future of insurance
Big Data is a rather daunting subject for a lot of us working within the insurance industry but it draws in the crowds, as recently witnessed on Deloitte's rooftop, where a full audience braved the classic British weather to tackle the mighty subject by…
Blog: How to ensure outsourcing to the cloud meets data protection standards
Insurers that want to outsource to the cloud need to make sure their service providers meet data protection standards.
Expertise from A-Z: Sharing economy: Collaborate, insure and prosper
The sharing economy is booming, with new businesses constantly bringing new offerings to market and insurance is playing a major role in supporting such innovation
Blog: Home insurers should look at data sharing before connected home
It's undoubtedly a challenging time for home insurers.
Digital: Virtual reality
Virtual reality has hit the gaming industry this year and it could find a place in the insurance sector to help with claims and fraud in the future.
Europe: Getting ready for the General Data Protection Regulation
Insurers have two years to adapt to the European Union's General Data Protection Regulation, at least until the timetable and details of Brexit are clarified.
C-Suite Insurer: AIG's Anthony Baldwin on future-proofing our underwriters
When you meet someone at a party and tell them you’re in insurance, what reaction do you get? A shrug, a swift change of subject, or possibly the sight of your new acquaintance’s back as they head off to find someone more interesting to talk to.
Digital Insurance World Blog: Taking your customer experience online
While insurers and brokers have successfully adapted to disruption in the past, there is now a digital revolution, where fundamental technology innovations such as the Internet of Things and big data are having a radical and rapid effect on the way we…
Airmic 2016: Understanding cyber risk landscapes
Pre and post-incident loss testing is of paramount importance if companies wish to prepare for a cyber attack, and company boards should be more involved with cyber exposure prevention, according to the Cybercrime Research institute.
Survey shows growing demand for customer analytics in Asia
A Post survey shows the uptake and pace of customer data analytics for Asian insurance firms is on the rise.
KPMG to let insurers compare Solvency II data
KPMG has today launched a Solvency II data aggregation service that allows insurers to benchmark themselves against other insurers.
Blog: Recall insurance must address car hacking
Vehicles are increasingly connected and far more software-reliant than they used to be. Unfortunately, most insurers offering product recall solutions are unprepared for this new reality.
Motor: Manufacturers and insurers – joining up the data
With a raft of new technology being installed in motor vehicles, the debate has started over who owns the data it produces – insurers or manufacturers?
QBE signs analytics partnership with WNS
India-based global business process management company WNS has signed a worldwide deal with Sydney-based insurance giant QBE.
Big data take-up slower among mid-tier UK insurers
Fewer mid-tier UK insurance firms are prioritising big data, with less than half prioritising such strategies compared to 82% of their large counterparts, according to a market survey.
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.