Embracing ecosystems, cutting costs with technology - and the importance of creating “fans”. Cherry Chan, head of general insurance consulting, shares key takeaways from one of the leading events in insurtech and innovation in insurance.
The PRA sent out a letter in April 2017 requesting approximately 25 mostly category 1 & 2 firms (and a small number of category 3 firms) to participate in the General Insurance Stress Test 2017 (GIST 2017).
'Stronger together' is how I see actuaries and data scientists working together in harmony – it is not about Brexit or America’s presidential campaign!
Cherry Chan examines the potential that driverless technology has to be revolutionary in her latest blog. But to what extent will traditional motor insurance change, and how will regulation need to evolve to meet the new demands?
Telematics has been a hot topic in the motor insurance industry for a number of years, but innovative insurers are now using it in other areas such as pet and home insurance. Read more in Cherry Chan's latest blog.
On 16 March 2016 Chancellor George Osborne delivered his 2016 Budget. The announcements provided a mixed bag of news for the insurance sector, summarised in this blog.
With the Solvency II implementation date looming, firms must make sure their processes are ready to meet the requirements. We explore how a standard formula Solvency Capital Requirement calculation tool can be made as simple as possible for the end user.
Cherry Chan and John Hoskin take a look back at the insurance actuarial and risk issues that dominated 2015 and consider what might be in store in 2016.
On 29 September 2015 Mark Carney, Governor of the Bank of England, gave a speech at this year’s City Dinner in the Lloyd’s building. He discussed the ways in which climate change is likely to affect the insurance sector.
Motorists have enjoyed a solid two years of reduced insurance premiums. Recent figures published by the Association of British Insurers (ABI) reveal, however, that the average comprehensive private motor insurance premium for Q2-2015 has climbed by 2.1%.