Insurance
Electronic Claims File (ECF2) in the London Market: Systems, Roles and Claims Journey
The London insurance market today runs on electronic claims rails. At the heart of that network sits the Electronic Claims File (ECF2). Understanding how ECF2, CLASS, IMR and the London Market's key bodies—Lloyd's, the IUA and DXC—work together is essential for anyone...
Unlocking Insurance Profitability—The Power of Competitive Comparison and Performance Indicators
Maintaining profitability in the dynamic and competitive insurance industry requires insurers to continually compare themselves with key rivals. Economic volatility, rising claims costs, and the rapid shift to hybrid work models are reshaping the competitive landscape...
Outsourcing in Insurance: Opportunities, Risks, and Controls
Insurance outsourcing has become a foundational component of the modern insurance industry. Insurers frequently turn to specialist outsourcing entities for functions such as post-sales administration, claims management, actuarial support, IT, and data processing....
The London (Re)insurance Market
Key takeaway: The London reinsurance market combines a tradition of broker-centric placements with a shift toward digital innovations for greater speed, contract certainty, and efficiency. Introduction Lloyds of London building and central insurance area with digital...
Insurance Linked Securities (ILS)
What are ILS?Imagine if you could invest in insurance, just like you invest in stocks or bonds. That's the big idea behind Insurance Linked Securities (ILS). These are special financial products where the payout depends on the occurrence of big insurance events—like...