Insurance against Disruption

August 20, 2017

New disruptive forces continue to emerge, changing the insurance landscape constantly. Insurers must respond with a dual 'Renew-New' strategy one that focuses on renewing core capabilities while simultaneously building new capabilities so that they are well positioned for a place in the new insurance landscape.

Spotlight

Utica First Insurance Company

Utica First Insurance Company was founded by local Utica, New York businessmen in 1903 as Utica Fire Insurance Company of Oneida County, NY to serve the property insurance needs of the upstate New York residents. It has developed from that small base into a company which actively writes business in the states of New York, Connecticut, Massachusetts, New Jersey, Ohio, Pennsylvania, and Virginia. In the beginning, the Company wrote exclusively property insurance on an assessable basis. Now its product line has expanded to include Homeowner, Landlord Package, Restaurant and Tavern Program, Convenience Store Program, Small Artisan Package Policy and Business Owner Policies among others.

OTHER WHITEPAPERS
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Insurance claims research: The path to digitisation

whitePaper | October 25, 2022

A recent survey conducted by Post, in association with SS&C Blue Prism, explored the ways in which digital claims are being approached by the industry. Despite digitisation taking off in recent years, many claimants today are still using emails and telephone to contact their insurer at the initial point of a claim. Many claims specialists believe that customers are dropping out of a fully digital claims journey due to claims being too complicated or customers being less tech-savvy. So, how can insurers ensure digital claims journeys are streamlined and easy-to-use for the consumer?

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Data Science – Transforming Health Insurance

whitePaper | June 24, 2022

Health care solutions devised in the past are becoming redundant at lightning speed due to the ever evolving and varying health care demands. This is driven by demographic changes, medical inflation, consumerism, regulatory changes, and growing awareness of patients regarding their own health care. Continuous efforts are being made towards understanding health care needs and accordingly building sustainable solutions. This includes driving better product structures, price differentiation, claims management, customer engagement, and risk profiling by making technological, economic, and societal changes.

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2022 Property Risk Management Report

whitePaper | June 9, 2022

We are pleased to present the results of our second annual survey on property risk management from Archipelago and Advisen Ltd., a Zywave company. The survey took place during the first quarter of 2022 and was distributed to risk managers, insurance buyers and other risk professionals. In total, the survey received 209 responses. The data presented in the report focuses on responses from 187 risk managers who reported having a property portfolio greater than $100 million in total insured value (TIV). We sincerely thank all survey respondents for their valuable time and insights.

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The Insurance Impacts of 2019 Novel Coronavirus

whitePaper | February 2, 2020

The outbreak of 2019 Novel Coronavirus (2019- nCoV), in Wuhan City, Hubei Province of China, has prompted questions of how insurance policies might respond to claims stemming from business losses attributed to this infection prompting this White Paper. The primary virus infection, which can result in pneumonia and even death, originated from a Wuhan city seafood market. Subsequently, person-to-person transmission has occurred, primarily to health workers who had contact with those initially infected. The concern is that this may lead to widespread infections, worldwide.

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General insurance code of practice

whitePaper | September 15, 2022

Australia’s insurance industry is undergoing the biggest regulatory and compliance changes in its history. This report details how the changes directly impact insurance companies; outlines the penalties for non-compliance; and shows how you can not only meet the compliance requirements, but improve the business as a result.

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

whitePaper | October 27, 2022

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.

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Spotlight

Utica First Insurance Company

Utica First Insurance Company was founded by local Utica, New York businessmen in 1903 as Utica Fire Insurance Company of Oneida County, NY to serve the property insurance needs of the upstate New York residents. It has developed from that small base into a company which actively writes business in the states of New York, Connecticut, Massachusetts, New Jersey, Ohio, Pennsylvania, and Virginia. In the beginning, the Company wrote exclusively property insurance on an assessable basis. Now its product line has expanded to include Homeowner, Landlord Package, Restaurant and Tavern Program, Convenience Store Program, Small Artisan Package Policy and Business Owner Policies among others.

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