Last year’s surge in subsidence claims are a harsh reminder of just how damaging the effects of hot weather can be.
While the UK faces exceptionally high temperatures, prolonged periods of hot and dry weather could increase the risk of subsidence.
Unusual storms serve as a reminder that claims history alone won't always provide a complete view of exposure.
Higher attritional weather-related claims put a sizeable dent in many insurance and reinsurance firms’ earnings.
Knowing how much contents cover is appropriate in a home policy is a challenging endeavour for both insurers and their customers.
Global supply chain crunch and labour challenges create perfect storm of disruption
The upcoming reforms have caused many insurers to re-evaluate their approaches to pricing home and motor policies.
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.
With storms Ciara, Dennis, and Jorge all contributing to the wettest February on record, it’s time for insurers to test whether their perils models are fit for purpose.
Learn common ways underwriters might suffer from inaccurate rates, higher loss ratios or unexpected claims costs due to missing or misstated underwriting information.
While the world faces logistical challenges from COVID-19, insurance claims will continue to occur, and weather-related catastrophes will not abate due to the disease.
UK insurers saw a significant spike in escape of water and weather-related claims during Q1 2018 when Anticyclone Hartmut struck Great Britain and Ireland.