Pricing
262 whitepapers and resources
Pricing
General insurance pricing practices: Interim report
The FCA’s interim report sets out concerns about how pricing in the home and motor insurance markets leads to consumers who do not switch or negotiate with their provider paying high prices for their insurance. This report also sets out some potential remedies to tackle concerns about pricing.
Innovation in pricing: The need to adapt
As insurers innovate, those at the core of insurers’ pricing and underwriting strategies face a growing need to adapt. Post held a roundtable, in association with SAS, to examine what is driving innovation in pricing and what challenges those changes present.
Spotlight: The future of pricing - A responsible revolution
Price comparison has changed the market dynamic, resulting in reduced coverage to achieve a cheaper offer at the expense of service levels and customer outcomes. This article looks at the changing dynamics of pricing, how incumbent insurers can survive in the future and regain trust from consumers.
Spotlight: The future of pricing - The evolution of pricing
Insurers are coming under increasing pressure to develop new ways of pricing. But, while data and technology hold the key, insurers face some significant challenges. This spotlight looks at the factors insurers need to address in order to achieve pricing improvements.
Spotlight: The future of pricing - Tightening the noose
The dual pricing noose is slowly tightening around the insurance industry’s neck. Its laudable attempts to escape from the regulatory hangman seem increasingly futile as the pressure is mounting on the Financial Conduct Authority to take action. This article focuses on the implications for insurers.
The challenge of pricing cyber risk - does it feel like nailing jelly to the wall?
Cyber risk protection and mitigation present an enormous business opportunity for insurance carriers, however, calculating cyber risk is far removed from calculating typical commercial risks. This blog post briefly outlines the unique set of challenges associated with pricing cyber risks.
Webinar: Is a replacement car what urban customers really want after an accident?
Could ‘mobility’ be the next big differentiation battle between motor insurers? In this webinar, an expert panel discusses the latest trends, the options available to urban motor policyholders after an accident and how insurers can better serve their urban customers.
Are new data sources *sparking joy* for underwriting and claims?
Is new data positively impacting insurers and sparking joy? Or are these just more data points destined to be thrown out in the end? This article looks at the impact of new data sources and the implications for claims and underwriting.
Promoting financial security and resilience in a fragile land
This article looks at the development of a novel parametric insurance programme for smallholder farmers in Nicaragua which helps protect over 6,000 coffee and grain farmers, and how the programme minimises basis risk in the country.
Why are insurers ignoring data for escape of water claims?
According to the property insurance research compiled by Post and Verisk, three out of four insurers in the UK have seen increases in the frequency and cost of escape of water claims in the past two years. This short article outlines the factors behind the rising tide in escape of water claims.