Steve Mathews, a director with actuarial and business consultancy EMB, is among the first nine actuaries in the UK to qualify as a Chartered Enterprise Risk Actuary (CERA).
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Private motor insurers applied a turbo-boost to price rises in the second quarter of 2010, the latest edition of the Confused.com/EMB Car Insurance Price Index (CIPI) has found. The average cost of comprehensive cover rose by a weighty 14.2% between April and June.
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Pricing actuaries and marketing executives have historically been portrayed as coming from, and operating within, very different worlds. Yet with the changing face of mass market insurance, their metrics and objectives increasingly overlap suggest Stephen Jones and Ian Liddicoat.
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Despite recent government pronouncements and legal developments, future claims costs in the UK arising from asbestos-related diseases remain clouded in uncertainty. Steve Mathews and John Coe summarise the latest rounds in the continuing debate.
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London market underwriters have always taken a pride in their ability to competitively price a risk. Many do it profitably, but generalised linear modelling (GLM) techniques borrowed from the personal lines market are helping companies to eke out extra profit by digging deeper into underwriting performance explains Paul Moorshead.
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Insurance company board members may think they understand the risks within their business. But Solvency II requires a huge shift for directors in demonstrating this to the satisfaction of regulators says Rory O’Brien.
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The sheer scale of the data held by many insurers can make the task of comprehending when a picture of fraud is starting to emerge particularly difficult. Data visualisation techniques offer the potential to bring the tell-tale signs more clearly into focus says Mark Jones.
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