Since 2020, the world has experienced significant changes, many of which will be permanent. There has never been a better time to re-evaluate and reshape your business model, goals, and objectives to prepare for the year ahead. We take a look at the main factors contributing to today’s industry shift and share the solutions insurers need to know in order to leap forward in the great reset.
As global trends continue to reshape the UK, insurers face an unpredictable climate, one where old challenges are amplified, while ongoing uncertainties impact resilience, business productivity, growth and expansion.
Is 2022 the year of the major subsidence event claims spike? After a long, hot summer, industry reports indicate that the volume of subsidence claims is on the rise and many times higher than years prior.
Insureds and insurers alike have been met with unexpected challenges over the last few years – pandemics, natural disasters and global supply chain issues. And there’s no slowing down with the recent great resignation, rising inflation rates and looming recession. So, it’s no wonder there’s been a huge shift to on-demand insurance plans.
After two years of lockdowns, the sun is shining bright on the summer of 2022 as travellers return to the sky, rails, and roads in search of new adventures and some long-awaited R&R.
Rising heat has hit the UK and not just in the summer months.
Look at the item on the shelf next to you. Chances are it travelled by truck. Same for the items in your wardrobe, fridge and even your garage.
Loss Development can be one of the most challenging actuarial topics for underwriters and other insurance professionals to get right.
The war for talent isn’t a new phenomenon, yet complex challenges and issues around talent sourcing continue to arise.
The disparity between supply and demand is being felt across the nation – resulting in reduced operations and increased costs just to keep the doors open and customers happy.
You’ve made the decision to outsource, but what exactly do you need from your third-party administrator?
A claim’s lifecycle is more complex than one may think – from severity and complexity, through to likelihood of litigation, there are a myriad of factors that hold influence and may cause potential holdups – particularly in surge seasons or following a natural disaster
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