Entries by Peter Turrell

Pricing in Commercial Insurance – 6 questions to ask of ourselves as underwriters

In this latest article, Peter Turrell reflects on six of the key questions that have shaped a number of our client engagements over the past three years when considering the pricing knowledge needed by underwriters. If these questions can be answered and used to resolve the issues behind them, then pricing capability throughout the organisation can be transformed for real competitive advantage.

Is the Underwriter ready for a hard market?

Is there really a hardening insurance market? There are certainly mixed views amongst those we have spoken to in recent months, with many not seeing any hardening at all in their world. However, there are certainly a number of factors that have caused quick corrections for certain classes of business in recent times. This article looks at how underwriters can be prepared to meet the demands of a rapidly changing market.

Embedding new skills

“The great aim of education is not knowledge but action” – this is a quote from Herbert Spencer, a Nobel Prize Winner back in 1902. This may have been said over 100 years ago but bears as much relevance today as always. In order to maximise any investment in training it is crucial that the trainees get the opportunity to make use of their newly acquired skills and knowledge and take action to do things differently. How well do you think the insurance industry ensures learning is utilised to obtain maximum value? This article looks at the findings from our recent research study and highlights some key points that should be borne in mind when any company invests in training and development programmes for their staff.

Training – The Chain Of Destruction

As an industry, do companies operating in insurance maximise their return on training investment? In this article, our views are combined with other leading industry experts, to explore where we see the value of training investment being destroyed and what you can do to maximise your return.