Tag Archives: Underwriting
CII reacts to BBC’s ‘unfair underwriting’ taunt
Young Chartered Insurance Institute (CII) members are pushing for a thorough analysis of the effect of speed awareness courses on driver safety and how they should influence the premiums insurance … Continue reading
2012 could be red letter year for home insurer profitbility
Data published on the profitability of UK Home insurers’ underwriting has revealed a 10% improvement on the sector’s performance during 2011. The industry’s net combined ratio in 2011 was 89% … Continue reading
UK motor insurers’ underwriting results rebound 14%
A 10% rise in gross written premiums failed to put UK motor insurers in the black during 2011, according to Deloitte. The market experienced “greatly improved financial results in 2011 … Continue reading
Father of the Web warns insurers against data profligacy
Sir Tim Berners-Lee has urged insurers to avoid the temptation of using increasing amounts of publicly available data about consumers on the web to price their products.
The inventor of the World Wide Web made a plea to the industry at the British Insurance Brokers’s Association conference in Manchester yesterday, requesting that information we share about ourselves on line – particularly by young people through social networks – should not be gathered for the purposes of pricing risk.
Lloyd’s CEO in rate discipline call after $800m loss
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd’s today announced a loss of £516 million (US$800 million) for 2011. Lloyd’s incurred total net claims … Continue reading
