| Case Studies |
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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| HIGHER RATIO, LOWER PROFITS EXPECTED FROM LLOYD'S INSURERS |
| Industry News | |
| Wednesday, 28 July 2010 | |
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Lloyd's insurers Amlin, Beazley, Brit, Catlin, Chaucer and Hiscox are expected by Keefe, Bruyette & Woods analyst Chris Hitchings to post combined pre-tax profits down 13% year on year to about £440m ($679m) for the first half, with the combined ratio rising to 94%, from 86% in H1 2009. Gross written premiums are expected to rise by about 6%. Mr Hitchings said that net claims from Chile and Deepwater Horizon were put at $620m, leading to a $340m impact on previously assumed profit. KBW also anticipates a modest reduction in reserve releases. However, the quirks of International Financial Reporting Standards (IFRS) are likely to help the Lloyd's insurers this half, with currency effects leading to a £76m gain. KBW noted that there had been a progressive softening of prices throughout H1, with the exception of energy. "Decisions on what to do with excess capital are likely to be deferred until after the hurricane season". Brit reports tomorrow, with Catlin posting on August 6. Amlin and Hiscox post H1 numbers on August 23, followed by Chaucer on August 26.
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| Last Updated ( Wednesday, 01 September 2010 ) | |
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