Insuring Extreme Weather
With the severe rainfall, flash flooding and golfball sized hailstones that parts of Yorkshire experienced yesterday, your first thought...
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Clearly one insurer on the digital transformation route
Transforming claims "by deploying faster and more flexible systems to increase the pace at which we transform the business and to enable...
Forecasting for growth
As penetration increases in emerging markets- particularly Asia- the global insurance landscape will soon look very different, says Finn...
Fraud Charter: ‘Help us stamp out bad CMCs’ – FCA’s plea to the industry
Frustration evident at Insurance Times Fraud Charter last month.
“I don’t think the MIB is in the frame of mind to run a pilot with a real...
Do insurers "get" disruptive innovation?
"Providers of disruptive products or services such as the PC, or more recently Netflix, can gain a foothold at the bottom end of the...
The curse of efficiency
Charles Handy is a noted business guru and these reflections on efficiency rather than effectiveness are very relevant for Claims...
DISTRIBUTION VS. SUPPLIER INSURTECHS
Useful classification and valuable list of insurtechs in each category from Oxbow Partners
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The key to understanding InsurTech is to remember that the term covers two fundamentally different types of business. Distribution...…
The Amazing Story of Guidewire Software
Fascinating interview with CEO Marcus Ryu shows the importance of vision, strategy, technology, domain experience and execution. AND-...
Greenhouse-gas emissions are increasing the frequency of heatwaves
The industry as a whole has taken little action to incorporate climate change risks into underwriting policies.
Accenture states there are...
People and Machines: Partners in Innovation
MIT Sloan Management Review Summer Edition (link at bottom page) has a timely examination of AI. Whilst vital to plan and invest now it...
The future of insurance is happening without insurance firms
"Despite increased take-up by rising middle classes in emerging markets, global premiums grew in real terms by only 1.3% annually over...
Lloyd’s chief vows to force through insurance changes
It is rarely technology that is the key to innovation and success. History is full of superior technology that bit he dust.
It needs...
Fraud digital detection reaches the parts that others can’t reach
"Surveys have suggested that up to 25 per cent of household insurance claimants either have, or would consider, artificially exaggerating...
‘No role that won’t be affected by technology’ - Insurance2025 talent debate
I think many would argue with the views of a specific 130 industry leaders and 100 employees.
Claims at 4% looks ridiculously low.
1) When...
World insurance: the great pivot east continues
China remains on course to become the largest insurance market in the world by 2030.
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The central narrative of this year's annual world insurance sigma is the continued rise of the emerging markets, mostly emerging Asia and...…
BRIT Insurance appoints Paolo Cuomo to newly created role, Head of Strategy
Innovation, digital disruption and the digitization of Lloyds and London Markets will all gain from Paolo Cuomo's appointment.
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Brit’s Chief Executive Officer (CEO), Matthew Wilson, commented: “We are excited to announce the appointment of Paolo to the newly...…
Are Insurers failing customers with poor communications?
Only 20% of customers rate communications from insurers excellent. It is a common complaint that "I don't know what is happening"....
Digitalised and Connected Claims- investment lags behind operational priorities
"Connected Claims is an ecosystem. One that is reliant on some tried-and-tested procedures, honed over decades. Joining these are...
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