Personal Property

21/11/2024 - 4 min read

How aligning risk perception builds trust in property insurance

As UK property insurers confront a wave of emerging risks, research reveals a disconnect between their concerns and those of consumers, putting trust and profitability at stake.

25/07/2023 - 2 min read

Is Climate Change Causing a Huge Surge in UK Subsidence Claims?

Last year’s surge in subsidence claims are a harsh reminder of just how damaging the effects of hot weather can be.

18/07/2022 - 3 min read

UK heatwave: Could record-breaking temps spell more subsidence claims?

While the UK faces exceptionally high temperatures, prolonged periods of hot and dry weather could increase the risk of subsidence.

14/03/2022 - 3 min read

Following Storm Eunice, do you know your insured property exposure?

Unusual storms serve as a reminder that claims history alone won't always provide a complete view of exposure.

12/01/2022 - 2 min read

U.S. hail risk doesn’t have to catch London Market off guard

Higher attritional weather-related claims put a sizeable dent in many insurance and reinsurance firms’ earnings.

09/12/2021 - 4 min read

Oversimplifying contents cover creates challenges for home insurers

Knowing how much contents cover is appropriate in a home policy is a challenging endeavour for both insurers and their customers.

14/10/2021 - 4 min read

The data insights that will help crack the growing property insurance pricing conundrum

Global supply chain crunch and labour challenges create perfect storm of disruption

24/08/2021 - 3 min read

How can home and motor insurers adapt to looming FCA reforms?

The upcoming reforms have caused many insurers to re-evaluate their approaches to pricing home and motor policies.

04/02/2021 - 3 min read

Beast from the East or just a cold spell? Insurers brace for freezing weather claims

As wintry weather sweeps across the UK, many insurers are cognisant that another potential 'Beast from the East' or wave of unusually cold spells could lead to a surge in extreme cold weather claims.

18/05/2020 - 4 min read

Storms Ciara, Dennis, and Jorge reinforce need for robust models

With storms Ciara, Dennis, and Jorge all contributing to the wettest February on record, it’s a sensible time for insurers to test whether their perils models are fit for purpose.

01/04/2020 - 7 min read

Five ways UK property underwriters can suffer from premium leakage

Premium leakage remains a big challenge among UK property underwriters. This article highlights five common ways underwriters might suffer from inaccurate rates, higher loss ratios or unexpected costs from claims due to missing or misstated underwriting information.

30/03/2020 - 4 min read

COVID-19 outbreak: Remote technologies ensure “business as usual” for claims adjusters

While the world faces logistical challenges from COVID-19, insurance claims will continue, and weather-related catastrophes will not abate due to the spread of COVID-19.

14/11/2019 - 4 min read

Death by a thousand cuts: Why Lloyd’s underwriters need better data for attritional losses

Not understanding the quality of a risk can lead to poor attritional loss ratios, which is why it's paramount that Lloyd’s underwriters not lose out to poor-quality data.

30/10/2019 - 5 min read

Subsidence, heave, and other risks beneath: Why insurers can’t rely on just one data source

By developing rating plan for subsidence and other ground movement risk, insurers can rate policies more accurately, increase market share, reduce loss ratios, and lower combined ratios.