Underwriting
2024 AI handbook for insurance leaders
AI will touch nearly every aspect of insurance - from broker operations to underwriting to risk management to claims processing and beyond. Insurers that adopt AI effectively will have an insurmountable advantage.
Automated claims management: Three pillars of success
In contrast to traditional approaches, automated claims management systems optimise underwriting efficiency with advanced algorithms and machine learning.
Transforming the insurance industry with process intelligence
To truly become data-driven, insurers need solutions that make it easy to transform raw information into insights that lead to action.
ESG Spotlight: Can SME commercial insurers drive profitable growth with ESG data?
ESG continues to act as a catalyst for change, with its reach having extended to the UK SME sector.
ESG Spotlight: Ethics, talent and underwriting profit - how ESG can help insurers
Although most insurers are not yet fully embracing ESG in working practices, a group of UK insurers are showing best practice – from pricing and underwriting to staff motivation and community investment.
Whose role is it anyway? Helping consumers with the lasting impact of the cost of living crisis
68% of Europeans think insurance premiums are excessively high, highlighting the importance for many to access affordable products.
Fraud Spotlight: ID fraud now hardest to spot, say insurance leaders
Identity fraud was named as the fraud typology most difficult to detect, according to the 2024 Insurance Post Fraud Survey sponsored by LexisNexis Risk Solutions.
HSB Knowledge Squad Podcast: The true cost of not having equipment breakdown insurance
Following our whitepaper, HSB’s Andrew Bazley, Alan Cain, and Andy Meanock discuss the commercial realities of equipment failures and how they can impact customers’ finances, and the trends and risk considerations you need to be aware of.
AI insights unveiled: UK insurance leaders navigate the 2024 regulatory maze
Mind Foundry hosted workshops at the Insurance Post AI Summit to explore AI usage, challenges, and collaboration in the insurance sector.
Roundtable: Can ESG unlock insurer value?
Insurance Post in association with CRIF recently gathered a group of insurance, underwriting and data experts to discuss how insurance providers can better evolve their ESG strategies in line with growing demand and responsibilities.
Better motor claims are no accident
The new Consumer Duty requires insurers to ensure reliable replacement vehicle offerings with dependable secondary suppliers, consistently meeting consumer expectations.
Dogflation: Understanding its impact on pet insurance affordability
In 2023, the UK recorded 12 million dogs as pets. The rising cost of owning a dog, dubbed “dogflation”, highlights the increasing expenses of pet care.
Infographic: Traffic collisions – riskiest areas and key risk factors
New analysis from CRIF, reveals the areas across England and Wales with the highest and lowest risk of traffic collisions.
The biggest questions that insurers face about their use of artificial intelligence
This guide created by Mind Foundry, investigates the biggest questions that insurers face about their use of artificial intelligence, and why now is the time to embrace the concept of AI governance.
Tackling turbulence for pet insurers
Pet insurance premiums remain approximately 20% higher than 12 months ago, whilst pet insurers are also facing regulatory scrutiny.
Impact of fraud reaches unprecedented UK levels
In the UK, the impact of fraud on individuals, businesses and the public sector has reached unprecedented levels.
Consumer Duty and customer experience: Pet insurance
As the pet insurance market continues to evolve, questions are being raised about whether pet insurers are doing enough to meet Consumer Duty obligations.
Getting started with Gen AI in insurance: Benefits and use cases
From product design and development to underwriting processes and claims management, Gen AI has the potential to reshape the insurance value chain This blog highlights five insurance use cases for Gen AI and how insurers can get started on their journey.
Pet insurance implications: American XL Bully Ban in the UK
In England and Wales it is illegal to own an American XL Bully dog, unless the owner has successfully applied for a Certificate of Exemption.
Roundtable: The future of mobility - is the courtesy car still viable?
Is the courtesy car a relic of the past? Insurance industry and body shop representatives explored this question and new mobility options at a recent Insurance Post roundtable held in association with Enterprise-Rent-A-Car.
Underwriting technology: What insurance leaders need to know
Automated underwriting technology is helping insurers reimagine what’s possible for replacing manual underwriting processes.
Unlocking value with next-generation intelligent underwriting
The costs of underwriting delays can be irrecoverable. To combat this, insurers are using automation to increase underwriting productivity and write more profitable business.
How to deliver intelligent connected insurance experiences: Six success stories
Strong processes are at the heart of innovative and competitive insurance companies.
Home truths
While a government consultation on the regulation of social housing is drawing to a close, cavity wall insulation claims have also hit the headlines as hundreds of homeowners may face legal bills because their cases were not properly insured.