Category Archives: Insurance

Influencing risk culture within the transport industry

A fatal tram accident, online retailers’ accusations of dangerous driving practices, and a conviction following a fatal road collision have pushed fleet operators and their risk management practices into the spotlight in recent months. As well as the human cost, … Continue reading →

Basic UBI scores are good enough? C’mon insurers.

In 1989 (when I started my career as a pricing actuary), auto insurance rating plans were relatively simple. For example, most insurers only had a handful of age categories and territorial rating was done at the county level. Since then, … Continue reading →

Small business insurance offers fertile ground for InsurTech

As InsurTech continues to scythe a modernizing path through the insurance industry and disrupt traditional value chains, the $100 billion small business insurance sector is shaping up as one of the most promising for investment. Rarely out of the specialist … Continue reading →

Doctor’s conviction throws multiple patient injuries back into spotlight

In late April, UK breast surgeon Dr. Ian Paterson was found guilty of 17 counts of “wounding with intent,” throwing a spotlight on the topic of multiple patient injuries and how they affect insurers and health care providers. One bad … Continue reading →

Marketplace Realities 2017 Spring Update: The search for growth

All eyes on Washington (From the publication’s introduction by Joseph C. Peiser, Senior Editor and Head of Broking for North America) It’s like the two-minute warning in football, overtime in basketball, extra innings in baseball or, if you’re not a … Continue reading →

If 35-year industry veterans and post-graduate millennials clash, will you need employment practice liability insurance?

D&O coverage for a publicly traded company? Certainly makes sense. Fidelity Bond (crime) insurance for a financial institution? Ditto. Professional Liability for a law firm? No doubt. And cyber insurance, for just about all types of organizations? Hard to argue. … Continue reading →

Digital transformation in insurance calls for diverse growth strategies

Of all the factors influencing investment activity and merger and acquisition (M&A) strategy in the insurance industry in recent years, the impact of digital technologies has emerged as a key and recurring theme in the annual surveys conducted by Willis … Continue reading →

How can insurers find real value in their predictive models? Experiment thoughtfully with practical implementation top of mind.

There’s a lot of conversation about new modeling approaches and novel sources of data poised to revolutionize insurance. This extraordinary industry transformation actually began about a decade ago. Analytical methods such as generalized linear models (GLMs) and decision trees were … Continue reading →