Fraud screening reveals travel blues
EMB has worked with Direct Group to produce and launch EMB Validate, a new claims fraud screening software package which is demonstrating the extent to which the financial climate in the UK is taking its toll on holiday plans and spending. More.gif)
Age concerns
The insurance industry has been left with some practical difficulties from the exemption it received to last year’s gender legislation. Failure to input into the debate around impending ageism legislation could have much wider ramifications. More
Solvency II: An insurance conundrum
EMB has written a paper that sets out some of the respective high level benefits of using the standard formula and internal model approaches. These should at least be considered when constructing the business case either way. They may also be useful to firms considering which areas of their internal model might be simplified by using the standard formula (the partial model approach). More
Fraud: Prevention is the cure
As the economic downturn takes a grip, fraud is a growing problem for the insurance industry. Shifting the emphasis from detection at the claims stage to earlier in the product life cycle could save insurers millions. More
EMB MediaOptimiser software can cut costs by 30%
EMB Marketing Sciences has announced a new offering that will transform how marketing professionals plan their broadcast, print and Internet based advertising. EMB MediaOptimiser will help predict the impact of advertising from as broad a perspective as across the UK, to as specific as individual households. More
Telematics time is coming
EMB predicts that telematics based motor insurance will break in to the mass market within five years. EMB Director, Julian Beardsworth states, “Telematics rating is inevitable and will become a standard product offer of many insurers in the next five years as it provides too many pricing and marketing advantages to be consigned to the fringes of the market for much longer.” More