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3 signs that your technology setup is hindering your renewal process

`There is no escaping the fact that the insurance renewal process is complex and involved. But have you ever wondered whether it also needs to be quite as time-consuming and labor intensive as it currently is?

Topics: insurance renewal

The Insurance Act: End of  Data Dumping?

One of the biggest changes for Risk Managers in the wake of the Insurance Act 2015 coming into force in August 2016 is a new responsibility for interpreting as well as collating risk data.

Topics: risk management data management duty of fair presentation insurance act compliance

I don’t live in the UK, what does the UK Insurance Act have to do with me?


Have you heard of the Insurance Act 2015 (the Act)? If not, perhaps you should do some reading before the Act goes into effect on August 12, 2016. The Act makes some pretty profound changes in the way underwriting data must be reported and the responsibilities of the insurer and the insured in the event that the underwriting information, for any reason, is not accurate or complete. As a risk manager outside of the UK, you may not think these regulations will impact you. However there are a number of situations where you and your risk could be effected by provisions of the Act: 

Topics: risk management risk management data