IIHS Crash Test between a 1959 Chevrolet Bel Air into a 2009 Chevrolet Malibu? Who wins?

by Adam BishopOctober 3, 2009

The Insurance Institute for Highway Safety crashed a 1959 Chevrolet Bel Air into a 2009 Chevrolet Malibu to ‘celebrate’ their 50th Anniversary.
Must have been some party. I wonder whether they planned it or someone had too much fizzy pop.
The original video posted to YouTube was here but seems to have been taken down for [...]

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MORE THAN Living teach insurance fraudsters how to crash properly

by Adam BishopOctober 2, 2009

MORE THAN Living have a video on YouTube showing the most common crashes that insurance fraudsters stage to make fraudulent motor claims.
It’s done Postman Pat style, though without any style. Might be useful though.

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Insurance for Astronauts

by Adam BishopSeptember 12, 2009

Risk in Space.
Popular Mechanics has an interesting article on the subject of NASA and risk aversion.  It seems that pushing the limits of human endeavour might be at odds with preservation of life.  Finding new frontiers, it seems, is a bit risky.
Well you could have blown me down with a feather.
Aerospace pioneer Burt Rutan bluntly [...]

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Web based insurance software is the future

by Adam BishopSeptember 6, 2009

Do you think that web based software is the best thing since sliced bread? Is it the right fit for the insurance industry?
I would say so, but then I’ve always been a fan of web based, ever since Yahoo Mail (1998?). In any case the advantages are well known…

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Economic crisis for insurance brokers over

by Adam BishopAugust 27, 2009

Insurance Times have a number of positive stories to tell this week.


Amidst the usual job cuts by Lloyds and more AIG doom and gloom, there are a number of more positive movements beginning to appear on the radar.

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The insurance software platform you were waiting for.

by Adam BishopAugust 10, 2009

After many, many months of hard work, love, sweat, pain and great code(!), we’re pleased to unveil the new SchemeServe, version 4.4.
There are over 100 new features and improvements to look forward to in this release, and a list of the main features is here.  The most important new ones include:
Split Risk Rating Matrices now [...]

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Can you afford to see insurance only in black and white?

by Adam BishopAugust 1, 2009

I’m fascinated by an industry so reliant on accurate data, which at the same time is so utterly starved of it.
Spotting new trends in insurance records is no mean feat, and a lack of up-to-date MI reports and graphs makes it impossible. In fact, we need all the data we can get, presented in the best [...]

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7 killer ingredients for a successful insurance operation

by Adam BishopJuly 24, 2009

Someone recently asked me what it takes to put together a hit insurance operation in today’s marketplace, so we put together the following recipe…
Take the following ingredients and mix well:

500 cups of Market Reach (Online is best, Offline will no longer suffice alone)
Make sure you have plenty Agility (insurance is a changing beast, you need [...]

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Ristechnophobia! Beating your technofear.

by Adam BishopJuly 1, 2009

Something that has continually amazed me the past few years is the level of Technofear in the insurance industry, or, as I’ve decided to call it right now: “Ristechnophobia”. (Think it will catch on?).
Edit: Thanks to Reinsurance Girl for the example above.
It’s true that most of us who work in the insurance industry have seen [...]

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How to Calculate Claims Loss Ratio Example

by Adam BishopJune 14, 2009

Time and again I encounter insurance firms that fail to capitalise on claims loss ratio data.  They:

Do not have the tools to view reliable Loss Ratios automatically or quickly across all of their accounts.
Are not taking the time to put those tools in place.
Are not able to automatically tweak rates and fees at policy renewal [...]

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