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,…
Underwriting
Underwriting is becoming much more sophisticated. It's a transformation opening up opportunities like never before. It's also encountering challenges like never before, and as we saw with price walking, the impact can be immense. These posts give you an independent perspective on such developments.
160 posts
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…
The NHS treatment records – what can insurers learn from this event?
News that the UK’s National Health Service
[http://en.wikipedia.org/wiki/National_Health_Service] (NHS) released 47 million…
Ethics and Underwriting – Part 5 – social value and why insurance has become so relied upon.
This series on the ethical responsibilities associated with underwriting will
draw to a close with a question that is somewhat…
Ethics and Underwriting – Part 4 – will client information be the next great challenge?
Every underwriter relies on having good quality information about its clients in
order to assess the risk they’re presenting.…
Ethics and Underwriting – Part3 – Fairness puts Distribution firmly onto the ethical radar
An underwriter will invariably design and price a particular type of policy with
at least one eye on how it’…
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…
Ethics and Underwriting – Pt1 – how the policy is designed really matters.
The ethical issues that matter most to insurance underwriting don’t just emerge
when the policy is rated and distributed.…
Ethics and Underwriting – five themes every insurer needs to consider
Over the last couple of years, I’ve looked at the ethical dimension to a variety
of underwriting practices. These…