Property
126 whitepapers and resources
Property
Why insurers need to up the ante on climate change
Insurance providers need to up the ante in their predictive capabilities as the frequency and severity of extreme weather-related events continue to escalate. This article highlights why insurers should face up to the winds of climate change and use predictive modelling to mitigate risks.
Escape of water fraud - hiding in plain sight?
The great freeze at the turn of the year saw a huge rise in fraudulent escape of water claims, particularly from unoccupied properties. This content sheds light on the link between surge events and EOW fraud, before highlighting steps insurers can take to mitigate the risk of future surge events.
Insurance Taskmaster: Dealing with the aftermath of The Great Storm (1987)
In this episode, the contestants are caught up in a storm, more accurately the Great Storm of October 1987. As the storm’s trail of destruction becomes apparent, the teams battle to appease their grizzled claims boss by devising a surge plan for the unprecedented volume of claims heading their way.
CUE: How to boost fraud prevention
Since 1994, the Claims and Underwriting Exchange (CUE) has helped insurers verify an individual’s household, motor or personal injury claims history. This content sheds light on how insurers can maximise the power of CUE to help combat fraud.
Intelligence: Subsidence
With hot summers becoming more likely in the future, subsidence surge and event years may be the new norm. This article looks at how insurers are preparing for these claims in a climate change environment.
How can insurance providers gain more flood risk insight?
Analysis by the Environment Agency indicates that there could be a large increase - of up to 50% - in the number of houses built on flood plains over the next 50 years. This blog highlights how home insurance providers can leverage geospatial data to mitigate flood risk exposure.
IoT drives innovation in insurance
The number of IoT connected devices is expected to increase to over one trillion devices by 2025, providing an enormous data set for insurance analysis. This blog highlights how IoT is driving innovation within motor and property insurance, whilst also reducing workplace risks.
FCA report on insurance for multi-occupancy buildings
Following the Grenfell tragedy, the cost of buildings insurance to residential leaseholders and other property owners of multi-occupancy buildings has increased. This report examines the causes of those increases and sets out a range of recommendations and potential remedies to address the issues.
Grenfell: Five years on
Over five years have passed since 72 victims lost their lives after a fire ripped through a building featuring unsafe cladding. This article investigates what insurers have learnt from this, how building standards have moved on and if the prospects of similar tragedies have been ruled out.
How can data enrich the property claims journey from FNOL to payments?
A recent roundtable hosted by Insurance Post in association with LexisNexis Risk Solutions saw an expert panel discuss how data enrichment can be used from a post-loss perspective and what this change could mean for the future of property claims. This article provides a summary of the discussion.