The big data rush »
Research, conducted by Marketforce, the Chartered Insurance
Institute and the Chartered Institute of Loss Adjusters in
conjunction with Ordnance Survey, found that 82% of those
questioned believed that insurers that do not capture the potential
of Big Data will become uncompetitive. The findings come
after Ordnance Survey and the CII surveyed 242 members of the CII's
Underwriting Faculty in March 2013. At the same time, 220 members
of the Chartered Institute of Loss Adjusters were asked about the
data they collect and how underwriters could better exploit this
data.
Periodical Payment Orders explained »
Andrew Kerr provides an overview of the development and
implementation of Periodical Payment Orders, how they have
developed, how they operate in practice, the advantages and
disadvantages to both claimants and to compensators and a look at
what the future may hold.
Upon the door of every cottage... Protecting the public through general insurance »
Against the backdrop of continuing public dismay and
disenchantment with the broader financial services sector, the job
of making sure general insurance is facing up to the challenges
ahead is pressing. Our report, Upon the door of every
cottage... Protecting the public through general insurance
examines a number of these challenges through the contributions of
leading industry figures.
The myths of personal lines insurance: what are the critical success factors? »
When commercial lines market becomes competitive, a number of
insurers are turning to personal lines business for profitability.
In these years there are insurers claiming to be personal lines
focused. However, not all of them would succeed ultimately. What
are the issues? What should be the key focuses for personal lines
insurers? What are the critical factors making personal lines
insurers successful?
The implications of UK longevity »
In this Barbon lecture Professor Leslie Mayhew, professor of
statistics, Cass Business School and Nigel Cooke, chief actuary,
HSBC Life (UK)look at the challenges facing society from the
explosion in the UK's elderly population, the profound implications
for product development and risk-based pricing.
Regulation of general insurance business »
The latest changes to the regulation of insurers and banks (who
both sell insurance and own insurers) began in April 2013 when all
existing regulators and regulations were replaced by no less than
three UK regulators.
The regulation of insurance companies »
The latest changes to the regulation of insurers and banks (who
both sell insurance and own insurers) began in April 2013 when all
existing regulators and regulations were replaced by no less than
three UK regulators.
CII Professional Standards Board publishes annual report 2012 »
The Professional Standards Board (PSB) of the Chartered
Insurance Institute (CII) has highlighted the importance of the
financial services and general insurance professions actively
supporting robust self regulation in its Annual Report 2012.
Chairman David McIntosh QC (Hon) also sets out the purpose and
composition of the PSB, and looks at how the sector is progressing
against the public interest challenge of improving professional
standards as well as prospects for the future in a supporting video
presentation.
Best practice in occupational disease claims »
In this half hour CPD video Alison Woolston, head of Garwyn's
occupational disease unit, explains the most common
occupational diseases and the industries which are typically
affected, provides a summary of the main legislation and case law
applicable, discusses the best claims handling strategies and what
businesses can do to protect themselves. The occupational disease
claims covered include Noise Induced Deafness, Hand Arm Vibration
Syndrome, Asbestos related illnesses, occupational Asthma,
work-related upper limb disorders and stress.
Engaging the digital consumer »
In this recent Barbon lecture, Brian McBride, chairman of ASOS
looks at the changing face of customer interaction and how to
engage the digital consumer. Trevor Matthews, executive
director and chairman, developed markets, Avivaa, respondied on
behalf of the insurance profession.