International

3/25/2021 - 3 min read

The answer to enterprise-wide risk management

Evaluate enterprise-wide risk and gain insights into your global exposures with Enterprise Exposure Manager.

2/4/2021 - 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.

1/25/2021 - 2 min read

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.

1/18/2021 - 6 min read

Three ways motor insurers can squeeze more value from vehicle data

The use of external data can help insurers identify potential fraud, but also shorten the customer journey by validating information more efficiently.

10/12/2020 - 5 min read

Automation requires emotional intelligence to deal with large loss claims handling

Large loss claims can be streamlined by AI and automation, but needs the emotional intelligence brought to claims resolution by the handler and the insurer.

9/3/2020 - 5 min read

From real-time fraud detection to remote claim assessments – how lockdown has changed priorities for insurers and policyholders alike

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.

8/10/2020 - 3 min read

Why Lloyd’s underwriters need to consider casualty disaster scenarios

How Lloyd’s syndicates can identify and measure aggregations of insurance risk.

5/26/2020 - 5 min read

ADAS could improve road safety, but creates challenges for UK and Ireland insurers

ADAS features are becoming increasingly common in cars in the UK and Ireland, however insurers face challenges in obtaining accurate and meaningful data.

5/18/2020 - 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.

4/22/2020 - 5 min read

To build or not to build: Getting portal claims solutions right in the wake of whiplash reform

Crucial questions remain over whether insurers have the in-house capacity and expertise to develop truly fit-for-purpose solutions, or if they should opt for an industry partner to deploy an off-the shelf solution.

4/1/2020 - 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.

3/31/2020 - 4 min read

How to get a handle on claims costs and complications with automated arbitration

The impact of the UK personal injury reforms, now set to take effect in August, is uncertain. The small claims track limit is expected to increase from £1,000 to £5,000; and it’s highly likely this will cause shifts in the costs of settling personal injury claims, claims volumes, and types of claims filed.

3/30/2020 - 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.

3/9/2020 - 5 min read

How can the London Market tackle outdated and inconsistent policy language?

Creating and updating policy language in the London Insurance Market can be challenging.

2/10/2020 - 4 min read

How to optimise insurance claims and improve your customer’s experience

Customer expectations are continually evolving, no more so than in the world of insurance. Customers are increasingly digital-first and choosing services based on convenience. They’re seeking easier methods to both purchase an insurance policy and make a claim when they experience a loss.