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…
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
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…
Assumptions: one of the next ethical battlegrounds for insurance
It’s reassuring to see an aggregator recognise the ethical issues that arise for
the insurance sector from the way…
Be wary of jumping to easy assumptions about how people behave.
There have been some emotive headlines recently about people with a poor credit
history having to pay more for their…
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…
Flood, affordability and fairness – pt2
In this second of a short series of posts
[https://www.ethicsandinsurance.info/2012/09/20/deliver-promise-affordability-flood/]
about ethical issues…