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15/01/2020 - 3 min read

Getting ahead of the claims game: Reducing the cost of personal injury claims, with or without delay to reforms

The 2018 Civil Liability Act is expected to take effect in April this year and is set to transform the handling of low-value personal injury claims in England and Wales. The Act seeks to control the growth of motor insurance premiums for “ordinary” motorists by reducing the cost of whiplash injury claims.

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16/12/2019 - 3 min read

EU warning on pre-existing conditions should prompt travel insurance reform

While the exclusion of pre-existing medical conditions in travel insurance policies has been standard practice in Europe, there is regulatory pressure to reform.

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.

18/04/2018 - 12 min read

Modeling Fundamentals: Understanding Uncertainty

In this article, Dr. Jayanta Guin, AIR Chief Research Officer, introduces some key concepts and answers the fundamental questions: What is uncertainty, where does it come from, and how is it treated in models?

23/01/2014 - 11 min read

Modeling Fundamentals: Evaluating Risk Measures

There are advantages - and limitations - to risk measures such as TVaR. We show how to use them for capital/ solvency requirements & price risk transfers

25/03/2013 - 5 min read

Modeling Fundamentals: What Is AAL?

This article explains the fundamentals behind the calculation of average annual loss (AAL). An upcoming article will address some common misperceptions and frequently asked questions.

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