Actuarial Software

The London Market: 7 tech trends to watch out for

By Richard Clark, Head of Business Development & Specialist Commercial at Xuber

Nothing like a bit of Botox

If the amount of scaffolding, hard hats and fluorescent jackets are anything to go by, London EC3 is undergoing a face-lift the likes of which hasn’t been seen since Barry Manilow last went under the knife.

So whilst the streets of our infamous Square Mile are architecturally overhauled, what about the operationswhich sit behind the facades? As any ‘A’ list celeb would tell you, it’sone thing to look great on the exterior, quite another to be fully functioning on the inside.

In this article, we’ll take a quick look at what’s happened in London over the last year and explore seven specific trends you might expect to see in 2014 as (re)insurers look to better improve their processes and engage with their customers.

So what’s changed?

With 320 years of history behind it, the London insurance market is one of the oldest industries around and is still underpinned by original trading ethics of uberrima fides and solid face-to-face relationships. However, be it technologically, culturally or geographically, the winds of change are starting to blow through the streets ...Read More

Stone age illustration systems are holding back the industry

By Tom Murray, Head of Product Strategy, Exaxe

The idea behind Key Feature Illustration (KFI) documents is an excellent one; standardised projections should allow consumers to compare products from different providers and enable them to understand the effect of the different charging structures used by the different providers.

Of course, the KFIs don’t guarantee outcomes but it does enable those who wish to choose on the basis of price rather than on the promises of returns to make an informed decision and it helps them to understand the effect of the differing features that may be attached to a particular plan, as the associa...Read More

The great opportunity (and risk) offered by technology

Ian Bowen, Sales Director for UK and Republic of Ireland at The Innovation Group

After the rocky, disaster-strewn years of 2011 and 2012, many insurers are undoubtedly hoping 2013 to provide a much needed period of respite. Ideally they are looking for a year framed by low catastrophe occurrence, prudent underwriting and a reduction of the economic uncertainty that has been dogging key markets around the world.

However it has not been the easiest of starts to the year. Ripples from catastrophes such as Superstorm Sandy are still being felt by insurers as losses hit US$30bn and continue to climb. Elsewhere the UK and most European eco...Read More

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Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month Travelling Actuary Eve Hartridge takes us to Greece's very own Emerald Isle located in the heart of the Ionian Sea, Corfu.

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