All articles by Verdict Staff

Comment Wire: Verdict on Insure A Thing

Danielle Cripps, an analyst in the general insurance team at Verdict Financial, explains why a new concept by Insure A Thing, a new InsurTech start-up that only charges customers after claims have been notified, has the potential to disrupt the traditional operational model of insurance.

Forecasting Brexit’s impact on insurance complaints handling

Melissa Collett, formerly senior ombudsman at the Financial Ombudsman Service, and now a consultant on consumer insurance issues, analyses what impact Brexit is likely to have on consumers of life and health insurance – and by extension, their complaints. Despite the pressures on the insurance market, Collett explains there are ways for life and health insurers to buck the trend.

Big interview: ‘Innovation frustration’

Darren Spriggs, managing director, Europe, at Pacific Life Re, tells Ronan McCaughey why the incremental pace of change in the life insurance industry frustrates him, the reinsurer’s strategy for innovationin Europe over the next year and how to change consumer attitudes to life insurance.

MetLife to open global technology campus in Ireland

MetLife plans to open a global technology campus in the Irish city of Galway to support its customers and technologists around the world.

Price optimisation for the life market

For over a decade, general insurers have used price optimisation techniques to provide insight, yet the use of these tools is still limited in the life market. Alastair Black, a senior consultant with Willis Towers Watson and Alan Clarkson, a senior pricing actuary with The Royal London Group explore how they techniques are starting to be used in the life insurance industry.

US fiduciary rule means ‘severe disruption’ for insurance agents’ business models

Fred Reish, a partner at international law firm Drinker Biddle, assesses the impact of the US Department of Labor’s Fiduciary Rule on fixed index sales by independent insurance agents. Reish explains that the implementation of the standards and requirements of the rules will be “tumultuous” and insurance agents will need to overhaul their existing methods of doing business.

Fix medical reporting and insurers can save money

Using better medical evidence will enable insurance companies to save money and reduce premiums, according to Phillip Kizun, the founding partner and CEO of Beacon Independent Medical Examiners. Kizun sets out his view.

How robo solutions can address the insurance advice gap

Mark Broadhurst, head of insurance EMEA, at insurance software provider Intellect SEEC, explains why robo solutions look certain to play a major role in the insurance industry’s inevitable transformation, and the role robo solutions can play in addressing the insurance advice gap.

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Indonesia hits the “sweet spot” for life insurance growth

Indonesia’s life insurance market is expected to record a compound annual growth rate (CAGR) of 13.4%.from 2015-2020, according to a new report published by Timetric.