Could price optimisation soon be banned in the UK insurance market?
We know that price optimisation is an established feature of many markets – hotel beds and airline seats for example. And…
Personalisation
The biggest trend in insurance raises some of the most fundamental ethical questions. You can read about these here.
72 posts
Insurance, Fairness and the work of Marie Curie
There’s a view becoming established in the UK insurance market that it’s only
fair that premiums should become…
A radical change in insurance regulation is underway
The Chartered Insurance Institute has recently published a paper by me, entitled ‘The Digital Panopticon and the New Power of…
Social Sorting: could it be the stuff of nightmares for insurance firms?
Privacy is an ethical issue that the UK insurance sector often thinks about,
usually in terms of it being something…
Price optimisation pt2 – key losses that insurers face
Around half of UK motor insurance is said to be priced according to some form of
price optimisation. If so,…
Price optimisation – approach with care!
Questions have already been raised about the ethics of dual pricing
[https://www.ethicsandinsurance.info/2013/03/12/ethical-issues-dual-pricing/].
This…
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…
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…
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…