Risk Management – Page 56
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Analysis‘Very aggressive segmentation’ set to replace price walking as profit-making tool for insurers
With customers having less incentive to shop around following the FCA eliminating price walking, how can underwriters leverage data to offer discounts to their least risky customers?
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NewsTFL to remove around 90 electric buses from service following blaze
The fire involved two electric hybrid and four diesel powered buses and is now under investigation
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AnalysisBriefing: How the ESG agenda can help insurance be a driver for positive societal change
ESG took centre stage at Biba’s 2022 conference, with an interesting panel on sustainability and even a fully recyclable stand from Allianz - but how can the industry help drive real change in the world?
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AnalysisThe Big Question June 2022: How is the insurance sector progressing in its plans to achieve net zero?
Following a greater regulatory focus on firms’ net zero transition plans, Insurance Times asks the industry how its climate change strategies are progressing
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NewsGovernment launches £40m self-driving commercial vehicle competition
88% of road collisions caused by human error, according to the transport minister
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Analysis‘Significant spike’ in tool theft claims poses fraud risk
With ‘the value of these individual claims getting higher’, insurance fraud experts must be alive to cost of living linked inflated claims from end customers and tradespeople
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NewsSimply Business expands partnership with Churchill Insurance
The duo are now offering a new product to ‘make sure there are fewer worries’ for SMEs
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IT InterviewYonatan Hatzor: The parametric MGA focused ‘on a big problem and not a solution’
Fresh from success at Lloyd’s Lab, the MGA has ambitions to provide ‘a more holistic solution to cover any type of downtime’, says chief executive
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NewsLloyd’s of London faces criticism from climate campaigners following latest ESG report
Lloyd’s says that embedding ESG is a ‘top priority’
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NewsRegulation becoming ‘almost inevitable’ as cyber threats increase
The cyber threat environment is ’incredibly volatile’, adds chief executive
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NewsEx-Aviva chief financial officer moves to Zurich
She has also previously held several senior roles at AIG
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AnalysisBriefing: Inflation to test industry and clients alike
Brokers must ready themselves for tough conversations if they are to nip potential underinsurance in the bud
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NewsClimate change losses have increased by 270% – Capgemini and Efma
A new report has made three recommendations to boost insurers’ climate resiliency, relevance and profitability
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Analysis‘Only a matter of time’ until parametric insurance becomes the norm
Industry experts estimate that cover for IT downtime will be ‘the next stage of growth in parametric insurance’
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NewsSkyline Partners scoops $1.75m in funding amid next growth phase
There has been increased traction for parametric solutions in the market
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NewsARB reveals new draft guidance on insurance
Proposed alterations to the code stem from architects expressing issues with managing insurance sector developments
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NewsAndy Burnham: ‘Managing risk is an ongoing reality for all of us’
The mayor of Greater Manchester believes ’challenging some of the norms in the way that we work’ will help manage risks moving forward
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NewsAdam Winslow: Managing inflation means separating commercial lines from personal lines
Despite the challenges of inflation, there is an opportunity for both insurers and brokers to do ‘really well’ through better understanding insurer risk appetite, says UKGI boss
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NewsInflationary impacts keeping brokers ‘on their toes’
The ’massive issue’ of underinsurance will also be exacerbated
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IT InterviewMark Wood: Breaking even a ‘priority’ for Ondo ahead of fulfilling market expansion ambitions
The insurtech has plans to expand into colder climates, using IoT-based detection device to tackle escape of water claims
