Health Care Goes Mobile and Insurers are Backing the Change

by nickkMarch 23, 2015

The smartphone has brought a lot of useful functionality to our lives. There’s an app for nearly everything from ordering flowers to finding your way in strange lands. Yet, while there have been many improvements in the area of health; such as the heart monitoring functions and pedometers – you’ve still always had to visit […]

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Insurance Premium Modelling – Introducing Multiple Insured Parties

by Jed GigerMarch 6, 2015

Last month, we took a look at the way an insurer would have to operate if they only insured a single party. As we discovered, it would be a hard business to run and not a very profitable one if an insurer only dealt with a single incidence of risk. They’d need to keep reserves […]

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The Skills that Are Most Needed from Insurance Technology Professionals

by nickkMarch 2, 2015

It can be hard hiring the right talent to take your insurance brokerage to the next level. The insurance industry in the UK is lagging behind other sectors in implementing technology but given the size of investment required; brokers and insurers need to focus on bringing the right talent in to implement new technology for […]

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Is Your Insurance Brokerage Ready for Windows 10?

by nickkFebruary 16, 2015

Last year Microsoft pulled the plug on official support for Windows XP. This was meant to drive businesses to Windows 8. In some cases this was a success; in many others it wasn’t. Windows 8 may be the worst received Microsoft Operating System since the Windows Millennium Edition. An interface that was designed for phones […]

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Insurance Premium Modelling – An Introduction

by Jed GigerFebruary 6, 2015

This week, we’re going to start looking at the basics of how premiums are calculated and over the next couple of months; we’re going to see how these models become more complex and how what initially, seems like an easy task, isn’t quite so simple. The Basics of Insurance Premium Calculation Let’s say that you […]

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Insurance Technology and the Customer Relationship

by nickkFebruary 2, 2015

As you know, here at Riskheads we’re huge fans of the power of software to improve insurance businesses. The ability to automate processes and generate greater granularity in analytics leads to better products and services. However, we also think that there’s a balance to be found between software and humanity. The Customer Relationship is at […]

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Will the Bitcoin Blockchain Model Change Insurance?

by nickkJanuary 19, 2015

Bitcoin, the alternative currency, is changing the way that the world operates. It uses a decentralized system to create a secure and anonymous payment system that can be used nearly anywhere in the world. The currency has not been without its ups and downs and the value of a bitcoin has become immensely volatile with […]

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Preparing Your Insurer for Unauthorized Access to Data

by nickkJanuary 5, 2015

It’s not a mark of shame to have your data breached; it happens to the biggest companies on earth – cyber-criminals have large amounts of resources to their name and spend a lot of money breaking into other people’s data. That means insurers need to examine their preparations for what should happen when their data […]

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Arbitrage Constraints and Reinsurance

by Jed GigerJanuary 2, 2015

The concept of reinsurance is a relatively simple one. It enables an insurer to offset some of the risk on an individual policy or group of policies to another insurer. One of the main ways that reinsurers make money is through arbitrage. That’s the idea that you can bring together a group of risks and […]

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2015 – The Year Insurance Goes Mobile

by nickkDecember 29, 2014

The insurance industry is sometimes slow on the uptake when it comes to new technologies; but 2015 is the year when any serious player in the game is going to take advantage of mobile (smartphones and tablet computing) to grab an advantage that not only benefits clients but also the bottom line. If you’re wondering […]

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