The holidays and festivities are now in full swing but you may still not be quite switched off from work just yet. You may still be checking your emails, taking calls or keeping an eye on the sales figures. According to one study conducted a few years ago it takes an average of five days…
Insurance as an official financial product started in the 18th century, and since then, the system has been constantly defrauded. In general, insurance fraud can be divided into two categories: criminal fraud, which is perpetrated by professionals habitually trying to milk the system and cultural fraud, which is a genuine claimant being opportunistic or exaggerating…
When it comes to legislation names, the European Union’s General Data Protection Regulation (GDPR) couldn’t sound blander but the new rules and their impact are not something that should be underestimated or ignored. When it comes to enforcement – there’s not much time to get familiar with the terminology and ensure compliance within your business…
When it comes to doing business there’s constant pressure to have a social media presence, particularly if you want to engage with your clients, put your brand on the map or if you want to sign up new customers. But when it comes to Twitter, is it worthwhile having an account? I mean, how much…
If you don’t have a Facebook page for your business you’re missing out on being found, particularly as there are over one billion people making use of this platform. If you do have one, you may not be using it in the correct way. Many of your customers use social media every day and Facebook…
The Lazarus Group were responsible for a series of devastating cyber-attacks against government organisations, media and financial institutions over the last decade or so. The largest companies targeted include Sony Pictures in 2014 and the Central Bank of Bangladesh in 2016 where they successfully stole $81 million. Little is known about them as they are…
Here at SchemeServe we like to support education within the insurance industry and with that in mind… we’ve developed a completely free to use and access, underwriting claims ratios calculator. It can be used to calculate Claims Loss Ratio, Expense Ratio and Combined Ratio quickly and easily. We hope that it will be a useful…
Not all calculations used in insurance are used to calculate premiums or risk. Many of them are used to help investors make sense of an insurance business’s financial position. This is important, particularly to those who work in the insurance industry, because it enables you to make conclusions about the long-term viability of a business….
