Insurers continue to hang their success on the quality and use of data, with businesses continually reviewing how to gain a commercial advantage. Edward Murray looks at the benefits of using external data providers and why some peril risks have proven…
With the deadline for entering the British Insurance Awards getting ever closer, what better time to introduce the judges who will be casting an eye over these years submissions? Post canvasses them for their favourite memories of previous BIAs and their…
Regulation might have helped to speed up the evolution of risk modelling but technology advances, especially cloud computing, are now taking this development to the next level. Edward Murray explores the benefits this is bringing and how insurance…
With supply chains entwined through businesses like ivy, disruption risks are climbing. Under-utilised policy wordings and little-known specialist covers haven’t weeded them out
Business Insight has launched a new risk mapping software for insurers.
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
With the current flood risk agreement between the insurance industry and the government due to expire next year, the future of property underwriting could look very different.
RMS Beijing has been appointed as a member of the Insurance Institute of China by the eighth board of directors, with RMS' Dr Hang Gao serving as a new director.
Aon Benfield has teamed up with Ambiental to enhance the firm’s flood model development capabilities.
Ace and Willis Re Analytics have launched the Ace Cat Web platform to help companies evaluate their catastrophe exposures, as well as those of their suppliers and customers.
Allianz Re's agriculture team is developing a new crop insurance approach which better manage Earth’s natural resources, the group announced today.
Esri UK today has launched a new geographic information system software tool to help combat insurance and banking fraud.
QBE has developed a combined rating and geographical risk system which it claims will help its property underwriters deliver more accurate pricing for clients.
NIG has rolled-out a new geospatial mapping tool covering the whole of the UK including Northern Ireland.
Aviva today boasted it had developed a flood model that can estimate the damage freak downpours can inflict on homes and businesses across the country.
Aviva is set to unveil a new flood mapping model it claims will enable it to offer "more competitive prices" to household policyholders.
Many insurers now view claims management as a way to differentiate their service from that of their peers. Leigh Jackson reports on how a panel of experts see this as a crucial way to retain customers and win business.
Legal & General managing director Peter Graham has urged consumers to consider mortgage payment protection insurance despite the UK’s move out of recession.
Experian has launched three new Perils models, providing insurance companies with greater insight into a household's level of exposure to escape of water, malicious damage and accidental damage.
Loss of local expertise has meant many insurers have found it difficult detecting fraud. But the use of intelligent geographical data could help many detect fraudulent policies at inception, reports Sarah Adams.
Once the preserve of geeks, financial modelling is almost mainstream today, although there is still much more to achieve. Andrzej Czernusewicz concludes this three-part series with a look into the future of modelling.
Unlike bankers, insurers have so far averted trouble in the recession. But, how much of this is due in part to the effective use of modelling and can this help them stay out of trouble? Rachel Gordon speaks to key market figures about modelling…
Financial models have traditionally been seen as the preserve of technical boffins but the insurance industry's senior managers will need to have more than a passing understanding of what they mean in coming years, explains Andrew Harley.
With increasing pressure on insurance management to understand the outputs of financial modelling, Rachel Gordon finds out if firms are heeding the call.