Ventiv Technology

Preparing for the Insurance Act 2015

Ventiv Resource Library

Issue link: https://ventiv.uberflip.com/i/674809

Contents of this Issue

Navigation

Page 4 of 15

PRESENTING THE RIGHT DATA Risk Managers can no longer supply underwriters with a dump of data – much of it unstructured. Under the Act, pertinent information must be flagged up front to be easily identified as material to the insurance risk. For example: • Change of activity or occupation has to be highlighted and declared. • New locations have to be identified and declared. • Risk Managers must identify high value specialised assets. • A new business venture into a higher risk geography, such as the Middle East, must be identified and highlighted. TECHNOLOGY ENABLES YOU TO QUICKLY CATEGORISE AND ASSEMBLE RELIABLE DATA FOR PRESENTATION TO THE INSURANCE MARKET.

Articles in this issue

view archives of Ventiv Technology - Preparing for the Insurance Act 2015