Price comparison websites offer great advantages to insurers and customers But bidding in a crowded market also has its risks. Here we help you to sort the curse from the cure and get the right price for your product. THE CURSE The ‘winner’s curse’ describes the result of an auction, Read more…
IT PAYS TO IMPLEMENT TECHNOLOGIES THAT ARE VERSATILE ENOUGH TO PLUG IN TO OTHER SYSTEMS. THE INSURANCE MARKET IS BEGINNING TO SEE THIS AND MOVE AWAY FROM A DEPENDENCY ON LARGE PROPRIETARY PLATFORMS. BUT WHAT SHOULD YOU LOOK OUT FOR WHEN CHOOSING A NEW VENDOR FOR PART OF YOUR ACTUARIAL Read more…
The fundamentals of the junior actuary’s day-to-day role have shifted, and often they are now also part-programmer. For this reason, actuaries should be driving tech transformation and working with traditional IT departments to facilitate integration. Within insurance companies actuaries are perfectly placed to understand business requirements and drive digital transformation. Read more…
Data and computer systems are as integral to a modern company as the building it is housed in – or even more so, considering how much work we now do on the move. Given that systems have such an influence over how we do business, it is important to make Read more…
Keep it simple stupid, or KISS, is a well worn design principle. A quick online search attributes its origin to the US Navy in 1960, where the brief was to be able to fix jet engines with only a spanner and screwdriver. It’s worth considering how this is appropriate for Read more…
Replay The video assistant referee, or VAR, represents the biggest structural change to English football since the Premier League began in 1992. To say the welcome for VAR this season has been cool would be an understatement, with the man in charge of the system himself giving it a generous Read more…
As someone who manages a business, team, or just yourself, you will know that ensuring that your filing system is easy to navigate, well-planned, and well-organised is vital. Achieving this requires thought, but it shouldn’t be an everyday task. A line I heard the other day from the founder of Read more…
Building something new is always exciting. Everyone loves a new gadget or gizmo. But in all the excitement, it’s important not to put form ahead of function. When it comes to actually getting value from these new systems, beauty and novelty don’t count for much. New tools, used well, are the lifeblood of successful teams. But I’ve often seen Read more…
We were asked to give our opinion for an upcoming white paper on what companies are doing to future-proof their businesses and attract, keep and incentivise their teams. Brilliant online tools, and data that can be accessed anywhere, enables staff to be super effective without being restricted to their main Read more…
In our increasingly digitised world, people often talk about the power of intelligent data usage. More and more, we hear good news (or at least big growth) stories from the likes of Google and Amazon; and infamous tales, such as that of Cambridge Analytica, who used vast bundles of data Read more…