Alex Croydon
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.
How can UK insurers obtain meaningful ADAS data?
Motor insurers may struggle to process the data around existing ADAS features in a vehicle and turn it into useful underwriting information.
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.
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…
Geodemographic segmentation in insurance paves way for better customer engagement
Geodemographic segmentation gains traction as a way for insurers to identify groups that share similar characteristics for market analysis and decision-making.
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…
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…
Freezing weather and burst pipe claims: Are insurers prepared for another ‘Beast from the East’?
UK insurers saw a significant spike in escape of water and weather-related claims during the first quarter of 2018 when Anticyclone Hartmut struck Great Britain and…
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…