The Call for Claims Intelligence at Underwriting and FNOL

As the insurance market faces regulatory pressure to ensure that insurance products represent fair value and claims are paid efficiently, the potential for greater claims intelligence both at underwriting and point of claim, particularly First Notification of Loss (FNOL), is becoming increasingly clear. Looking first at underwriting, claims data has long been used by insurance providers to assess the likelihood of future claims and inform pricing. However, that data has been limited to the insurance provider’s own experience of claims.

TPR publishes new five year Corporate Strategy

The Pensions Regulator (TPR) has set out a clear direction for the next five years with the publication of its new Corporate Strategy, its latest Corporate Plan and a Regulatory Roadmap supporting the implementation of the government’s pensions reform agenda. Automatic enrolment has transformed retirement saving in the UK, with 23 million people now saving into a workplace pension. But the pensions system is still unfinished business with 15 million working-age people under-saving for retirement.

You turn my VIX into dimes

What should investors do in periods of heightened volatility? To me, this comes down to whether heightened volatility predicts different returns. So can it? Does the VIX[1] contain information about future equity returns? At first glance, no it doesn’t. While moves in VIX are almost 70% negatively correlated with equity excess returns, these are simultaneous. The initial level of the VIX is only 4% correlated with subsequent excess returns. This doesn’t immediately tie up with other analysis showing that selling when the VIX peaks leads to missing out on the recovery.

Accumulation alert: remembering the 2011 Thai floods

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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