Insurers must adapt to recession-fuelled claims hikes
Insurers’ can expect to see their profitability come under further pressure as the effect of the recession hits households and businesses around the UK cautions EMB, the international consultancy specialising in non-life insurance.EMB Partner, Peter Lee (pictured), said; “Insurers need to ensure their price assumptions reflect the unfolding situation. Unfortunately, research has overwhelmingly shown a correlation between poor economic conditions, unemployment and crime levels, particularly crimes against property.” More
EMB discusses the EU proposal of removing group support in Solvency II
EMB looks into the vote by EU national representatives to change the way groups are treated under Solvency II. Could this change cause delays and increase the regulatory burden for the European insurance industry? More
.gif)
Peter Matthews receives ARC Lifetime Achievement Award
Peter Matthews, one of the founding partners of EMB, has been honoured with the 2008 Award for Services to Legacy Business at the Association of Run-Off Companies 2008 Annual Awards Dinner. This is the Association’s only individual award, recognising market practitioners who have had a major positive influence on the legacy sector. More
EMB warns of widening skills gap for time-starved middle management
Research commissioned by EMB highlights insurers’ dual frustration with the growing skills gap in middle management combined with the pressure on time available for professional development. The statistics highlight that there is a widening skills gap and suggests that even where time is found for training, it is not delivering what insurance companies need. More
EMB releases new dates for EMB Igloo Professional courses
EMB Professional Development has announced new course dates in December for EMB Igloo Professional and Extremb courses. There are courses available for all roles and all levels of experience. More information is available here.
EMB Research: Pricing perspectives on an aggregated future
Research conducted by EMB shows that aggregators have changed the UK personal lines insurance market and there’s no going back. On the one hand, consumers like the ability to look at quotes from across the marketplace and the promise of lower cost. On the other, aggregators present a profitability challenge for insurers, particularly in the area of effective pricing. More