Insights for the UK and Irish insurance markets
The insurance industry is transforming at breakneck speed, with new and evolving customer expectations requiring a fundamental shift towards greater agility and…
Inconsistencies and a lack of standardisation in how insureds, underwriters, and regulators approach cyber insurance are persistent challenges that can hinder the…
With organisations increasingly making use of cloud infrastructure in their supply chains, even the most well-defended enterprises can be exposed to cyber threats.
Pet insurance customers are not always aware of the restrictions on their policies, and a lack of can often be the source of much contention during the claims process.
As wintry weather sweeps across the UK, many insurers are cognisant that another potential 'Beast from the East' could lead to a surge in extreme cold weather claims.
Geodemographic segmentation gains traction as a way for insurers to identify groups that share similar characteristics for market analysis and decision-making.
The use of external data can help insurers identify potential fraud, but also shorten the customer journey by validating information more efficiently.
The lack of relevant and credible cyber insurance data remains a huge challenge for the London Market, making it difficult to make informed decisions around cyber risk.
The future of claims is about elevating the customer experience, and insurers that aggressively pursue digital enablement today will be primed to excel tomorrow.
Digital technology has become critical to provide core claims services during lockdown. Verisk is at the forefront in this field with a full range of claims solutions.
Despite the challenges of the pandemic, it has also kickstarted operational and societal changes that have showcased that Lloyd's can adapt to a more digital environment.
How Lloyd’s syndicates can identify and measure aggregations of insurance risk.