Understanding the purpose of work is key to productivity, says Amit Ranjan of Xceedance

Amit Ranjan of Xceedance says that understanding the purpose of work is even more important than pay when it comes to increasing productivity. Amit, who is Chief Administration Officer at Xceedance, was quoted in an Insider Engage article entitled: “Productivity – its about people, not machines.” “Monetary compensation can drive positive results but may not…

Xceedance’s Rebecca Oliver says Lloyd’s will need some oversight of insurers’ technology transformation programmes Copy

In an Insurance Day article on the Blueprint Two initiative, Xceedance Technology Managing Director Rebecca says Lloyd’s of London will need some oversight of the technology transformation operations of market participants. Rebecca states it is unlikely Lloyd’s will need detailed oversight of the plans, but she adds: “Lloyd’s will, undoubtedly, was reassurance from its participants…

BILTIR members explore challenges and opportunities for Bermuda’s long-term reinsurance sector

Members of Bermuda International Long Term Insurers and Reinsurers (BILTIR) took part in a round table looking at challenges and opportunities for the island’s long-term reinsurance sector. The Bermuda Finance event, hosted by Intelligent Insurer, examined the strength of the long-term sector, diversification, the island’s regulatory regime, and current market conditions. To read a transcript…

Michael Parcelli of Xceedance says technology can help carriers to insure the uninsurable

Writing in Insurance Day, Michael Parcelli of Xceedance argues that insurers can leverage technology to help insure the uninsurable. Michael states that insurers traditionally assess tangible, static risks such as vehicles and real estate, but some exposures such as cyber and the COVID-19 pandemic are “often impossible to predict, and therefore, extremely difficult t underwrite”.…

Machine Cover’s I-J Gujrat on the need for parametric pandemic insurance products

I-J Gujrat, Chief Executive Officer of Machine Cover , tells Leader’s Edge magazine why the COVID-19 pandemic has highlighted the benefits of using parametric insurance products. I-J said that recent disputes about non-payment of business interruption insurance arising from the pandemic could have been avoided if insurers used parametric triggers. He said current insurance products “essentially…