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Displaying "Governance and Compliance" articles (16)

Europe’s Big Bang on Pricing

Europe’s Big Bang on Pricing

EIOPA recommended in March 2023 a ban on price walking – the practice of increasing premiums on renewals based on non-risk factors. European insurers will need best-in-class pricing systems that can adapt quickly to the volatile and unpredictable market that will follow.

Leveraging Technology to Fulfill Insurers’ Climate Change Commitments

Environmental, Social, and Governance (ESG) is a topic of intense global focus and discussion today among governments, corporations, non-profits, and concerned citizens and consumers. With their far-reaching scope and impact, ESG commitments can appear daunting, as in many ways they can be as broad and as deep as one cares to define them.

Understanding New Dynamics and New Opportunities in the Insurance Market

In this second video with Nick McCowan, Head of General Insurance, Post Office, he discusses his view of the future of the insurance market, especially how digital insurance can play a role and where he sees new opportunities.

Six Months In: Insights on the FCA’s New Price-Walking Regulations, and How They’ll Continue to Change Market Dynamics

Six Months In: Insights on the FCA’s New Price-Walking Regulations, and How They’ll Continue to Change Market Dynamics

In this first part of a two-video series, Nick McCowan, Head of General Insurance, Post Office, looks at how the entire industry has reacted in the first six months since the regulation went into effect. He provides valuable perspective on what the FCA regulation has already accomplished, how it has changed the market, and how consumers are gaining more value as a result.

Complete Automation Leads to Price Modelling Success for BGL Group

Complete Automation Leads to Price Modelling Success for BGL Group

BGL Group is always looking for innovative, advanced solutions to deliver the best product offerings, service and value to its customers. To this end, BGL employed Earnix’s advanced pricing solution for meeting the needs of internal users and making the company more competitive.

Meet New Regulatory Changes Faster & Easier

The UK’s Financial Conduct Authority (FCA) aims to tackle ‘Price walking’ through the implementation of new rules that protect consumers from loyalty penalties related to various insurance products. These updates are likely to change the insurance industry as firms will now have to offer renewal prices that are no higher than the prices offered to new customers.

Driving ROI Through Digital Transformation eBook

Demonstrating IT leadership in the insurance industry today goes well beyond the traditional tasks of automating manual processes, maintaining the status quo, and making incremental improvements in people, processes, and technology. IT has become more deeply embedded in, and more critical to, business success than ever before.
Take Insurance Governance Into Your Hands

Take Insurance Governance Into Your Hands

Our webinar explores how an organization-wide digital transformation goes hand in hand with thorough governance and compliance.