How to weigh up the fairness of your claims service – pt1
Fairness is a complex thing. Insurance people often have a tendency to latch on
to one way of looking at…
Fairness
The most complex and influential ethical issue in today's insurance. Insurers need to be clear in their thinking on fairness, for it's going to be receiving a lot of attention over the next few years.
82 posts
A hugely significant decision for personal lines pricing
A landmark decision by US insurance regulators could translate into significant
disruption for the UK personal lines market if the…
Insurance, Fairness and the work of Marie Curie
There’s a view becoming established in the UK insurance market that it’s only
fair that premiums should become…
Vulnerable consumers and price optimisation: a reputation wrecker?
Vulnerable consumers have been in the spotlight recently, following some
research papers [http://www.fca.org.uk/news/occasional-paper-no-8] issued…
Who is the fairest of them all? How to use fairness to weigh up choices. pt2
If, as the UK regulator emphasised recently
[http://www.fca.org.uk/news/the-fairness-challenge], fairness is to be the
dominant…
Two simple tests for deciding on the fairness of your decision. pt1
‘Fairness’ crops up a lot in insurance regulation – the chief executive of the
UK regulator said recently [http://www.fca.…
Ethics and Underwriting – Part3 – Fairness puts Distribution firmly onto the ethical radar
An underwriter will invariably design and price a particular type of policy with
at least one eye on how it’…
Ethics and Underwriting – Part2 – the huge implications of pricing, pooling and differentiation
With so much variety of risk and variety of policyholder, the way in which
underwriters approach their setting of premiums…
Why underwriters need to use predictive analytics with care
Insurers have always used claims data to understand the future likelihood of
this or that type of policyholder making this…