Leveraging SaaS partners to enhance the value for your customers and business
Insurance and financial services are facing a period of intense and sustained transformation. A barrage of needs and wants from customers, shareholders, competitors, regulators and employees is putting a lot of pressure on companies. This pressure is to transform at many levels. Companies are scrambling to modernize their infrastructure and their products. The level that […]
The end of dual pricing
The insurance market’s rising volatility has culminated in a perfect storm. Even without the pandemic, the regular reforms sweeping the insurance sector, namely the FCA’s ban on general insurance price walking and the Ministry of Justice reforms. They each represent major changes with resounding repercussions. These knock-on impacts are underpinned by three changing dynamics within […]
Credit Suisse prepares insurance claims on Greensill Capital losses
Swiss bank Credit Suisse has prepared its first insurance claims. This is after its losses on stemming from its $10 billion of funds which tied to collapsed finance group Greensill Capital. This news has been reported by the Financial Times. Credit Suisse is now greatly attempting to recoup billions of dollars which is owed to […]
Is the insurance sector ready to get disrupt digitally
The 2020 world health crisis has driven many businesses, including the insurance sector, to work remotely in order to thrive. And while the road to retrieval will take time, it has fortified them to reconsider their long-term working environments and investments to continue being supple. In spite of these doubts, businesses are now observing to […]
Insurance sector is set to change the game
Making forecasts about the condition of any industry in the approaching year is a nigh-on difficult task. But watching to the longer-term, the patterns we’re seeing in insurance firms, which have been inspired by the pandemic, have revealed in no uncertain terms that the industry is in fluctuation. Alteration is here, and its influence will […]
Gap covers and its benefits
Rachel Janssen, the principal consultant at Alexander Forbes Health shared the benefits of having the Gap cover. What is a Gap cover? It is a short term insurance product which covers financial shortfalls during the hospital stays especially when the health care professionals charge more than the actual medical scheme rate. The ones on the […]
Active Capital Reinsurance, Reinsuring the lives!
Active Capital Reinsurance ( Active RE ) is continuing to expand globally and diversify their business in spite the challenges of the corona virus pandemic. Juan Antonio Nino Pulgar, the CEO of Active RE, said that the company had to face great obstacles in the past, and it has proved that with resilience and determination […]
Better planning of Insurance
Insurance is predicated on the ability to model accurately, to plan effectively, and to predict the likelihood and impact of certain events. While we are already facing significant regulatory, competitive, and customer disruption, the industry, like all others, has now been deeply disrupted by the pandemic. From an operational perspective, insurers have seen their workforces […]
Geospatial data visualization makes sense of mass of commercial property insurance data
The general insurances, market, data, analytics and technology are helping commercial property insurance providers make fast and more accurate decisions. They help to make an immediate sense of huge and growing volume of data at the market’s disposal. This data includes the characteristics of a property (floors, height, roof type etc.); its location; the individuals […]
Nippon Life Insurance targets in low income Asians
Nippon life insurance of Japan is looking forward to boost its overseas business activities in the upcoming years. And as a result of it, its planning to target low income Asians with its micro insurance products. As per this new plan, 35000 policies are to be issued in the next five years along with its […]