Ethics and Underwriting – Part2 – the huge implications of pricing, pooling and differentiation
With so much variety of risk and variety of policyholder, the way in which
underwriters approach their setting of premiums…
Fairness
The most complex and influential ethical issue in today's insurance. Insurers need to be clear in their thinking on fairness, for it's going to be receiving a lot of attention over the next few years.
85 posts
Why underwriters need to use predictive analytics with care
Insurers have always used claims data to understand the future likelihood of
this or that type of policyholder making this…
One vital rule for insurers to remember about predictive analytics
A software firm estimates that one in ten insurance claims are fraudulent and that its models can point insurers towards…
Ethics and Insurance Claims – Part 2 – Getting Compensatory Justice Right
This is the second in a series of posts about the ethical issues associated with
insurance claims. This focus this…
Do personalised premiums mean the end of risk pooling?
“With insurance no longer a matter of risk pooling, policyholders pay a fairer
premium”. So said a director of a…
What are the ethical issues raised by dual pricing?
Insurers have been in the spotlight recently in connection with dual pricing.
This is when the same risk is priced…
Should your premiums help fund your neighbours accidents?
Motor insurers have recently been criticised
[http://www.thisismoney.co.uk/money/cars/article-2222085/Why-poor-pay-rich-car-cover.html]
for allowing policyholders’ premiums…
Seven points that determine the fairness of flood insurance
The current debate about the future of flood insurance brings together seven
points that nicely crystallise around what is widely…
Flood, fairness and risk assessment – pt3
In the third of this series of posts about ethical issues associated with the
future provision of flood insurance in…