What is the ban on price walking all about?
What is price walking and how is the ban on it set to impact on the insurance industry? Has the ban by the industry watchdog been accepted?
What is price walking and how is the ban on it set to impact on the insurance industry? Has the ban by the industry watchdog been accepted?
Automation is generally looked upon as a favourable thing as it introduces efficiency and boosts productivity. It basically enables machines or programmes to do the work instead of a human. But automation is becoming a threat to some professions and according to reports it’s the insurance underwriters whose professions are top of the list of…
The reinsurance industry has rescued insurers from major losses, but how will they survive the pandemic?
What do actuaries do and do they have the ability to look into the future and predict Black Swan events like the pandemic Covid-19?
Lloyd’s of London is steeped in history but is it ready for the technological advances that it needs to make in order to stay relevant?
If there’s one thing the digital world has plenty of, it’s jargon. Acronyms and abbreviations galore – each describing a new product or feature, designed and implemented to change the world (or at least your little commercial corner of it) in some miraculous way. Which brings us to Software as a Service (SaaS). “Software as…
The purpose of many insurance policies is to provide a replacement for lost, damaged or destroyed goods. Coverage may also include compensation for being unable to use the item or for other damages caused by the item’s loss. However, how do we calculate the value of an asset (the property) under a policy and what…
Not all of an insurer’s profits come from selling policies. While premiums do make up, normally, a substantial amount of the returns that an insurer brings in – there are other ways that an insurer can boost their profits. The Insurance Margin The insurance margin is derived from the fact that insurers hold a “float”….