The fourth annual Celent Model Insurer Awards will be held tomorrow, January 28th, in New York City. We would like to thank all of the participants in this year’s process. It was extremely competitive, with a 70% increase in nominations over last year and only a 40% increase in awards. We invite carriers and vendors [...]
Since the publication of my Solvency II report in April 2008, there have been a lot of discussions around the new set of prudential regulation currently in implementation in Europe. For instance there is a wave of criticism coming from France notably from major players on the market. According to Groupama, a few internationally diversified [...]
The British property insurance market is a sizable one, and is the second largest sector in general insurance, after motor, with a reported premium of £12.1 billion in 2008. In the last five years, claims and expenses for the sector have risen by 22%, while premium (commercial, household, and domestic) has only grown by 15%. [...]
It turns out that professional and Olympic athletes just love popping supplements while sitting around munching on fried chicken and applesauce, and washing it all down with soy milk. Who knew?
For online insurance shoppers, price is the most important parameter and in mature markets aggregators exert strong pressure on insurers and online players need to improve product pricing. To do so, insurers should invest in pricing optimization and sophisticated analytic tools. Predictive analytics and price optimization both together support insurers’ capability to adapt to customer [...]