Automobile Insurance, Risk Management

Will the cost-of-living crisis lead to more fraud?

October 27, 2022

Will the cost-of-living crisis lead to more fraud?
A recent survey by Insurance Post found that 98.1% (see figure one) of respondents believe the current economic conditions in 2022 will impact organised and opportunistic fraud volumes.

Spotlight

Energy & Biosciences Institute

The Energy Biosciences Institute -- the largest private-public partnership of its kind in the world -- was created to apply advanced knowledge of biology to the field of bioenergy research. Its mission is to help develop advanced biofuels that are green, sustainable, and created from non-food sources. EBI is a collaboration between four research partners: the University of California, Berkeley; the Lawrence Berkeley National Laboratory; the University of Illinois at Urbana-Champaign; and BP.

OTHER WHITEPAPERS
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The Value of an Extensive Vendor Network: Actionable Data and Digital Adoption

whitePaper | April 19, 2023

In this report, we discuss the value an extensive vendor network and comprehensive vendor payment management program provides, including how insurers can increase cost savings and improve vendor and adjuster experiences.

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A 3-Step Guide to Insurance Transformation

whitePaper | March 2, 2020

The insurance industry is operating in an age of radical disruption. Traditional insurers are no longer safe, with insurtechs challenging incumbents to rethink their business and operating models. The diversification of product offerings and ever-growing price competitiveness mean that customer expectations are changing faster than ever before.

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The past, present and future of AI in insurance

whitePaper | October 20, 2022

The pervasiveness of examples of AI in popular culture clearly illustrates that we humans are fascinated with the idea of artificial intelligence and its various transformative implications. Just imagine a world of computers with consciousness, robots with feelings and everything in between. And while Hollywood’s perspective on AI typically leans toward the fantastic, it represents an interesting parallel to the business world. From the boardroom to the shop floor, there is a rapidly growing interest in AI’s potential to transform the very way we do business. The insurance industry is no different, and in many ways is an ideal candidate for transformation driven by artificial intelligence.

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Motor insurance: Acquiring and retaining the right customers in a post COVID-19 world

whitePaper | April 6, 2022

The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended lockdown, there has been a seismic shift in customer behaviour and business operations.

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Tamping down wildfire threats

whitePaper | December 6, 2022

Wildfire risk is complicated – and not just in terms of predicting, preparing for, and mitigating damage. Wildfires play a complex role in overall climate risk that insurers need to understand and to develop new strategies to address as the impacts of climate change continue to evolve.

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A digital divide?

whitePaper | February 24, 2020

Commercial property insurance providers find themselves operating in unpredictable conditions, with political and economic uncertainty having negative impacts on business activity in almost every industry. The retail sector is under particular pressure, but there are also significant problems in the o-ice buildings market, as businesses postpone expansion or investment plans, and some consider relocating facilities outside the UK once (or if) the Brexit process is completed.

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Spotlight

Energy & Biosciences Institute

The Energy Biosciences Institute -- the largest private-public partnership of its kind in the world -- was created to apply advanced knowledge of biology to the field of bioenergy research. Its mission is to help develop advanced biofuels that are green, sustainable, and created from non-food sources. EBI is a collaboration between four research partners: the University of California, Berkeley; the Lawrence Berkeley National Laboratory; the University of Illinois at Urbana-Champaign; and BP.

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