Broker News

On Thursday 22^nd September, we hosted a ‘Markerstudy, talks all things Fraud’ webinar and were thrilled with the number of attendees – thank you to everyone who attended.

The key topics covered in the webinar included:

• Current and emerging fraud threats
• Fraud innovation 
• What are we doing to help fraud prevention and detection?

Please CLICK HERE to view the video.

Congratulations to Graeme Mulvoy, from HF, the lucky winner of the £250 Virgin Experience voucher.

We’d like to hear from you…

Please CLICK HERE to let us know what topics you would like our future webinars to be on.

Markerstudy is delighted to have welcomed Clare Lunn to the group, cementing its commitment to helping stamp out fraud within the industry.  

Held in high regard amongst peers, Clare will be responsible for leading and developing Markerstudy’s fraud prevention strategy in her role as ‘Head of Fraud’. Reporting into Gary Hueting, Markerstudy Insurance Services Limited COO, Clare has already established a new Fraud Webinar series aimed at giving broker partners insights into what the industry and Markerstudy is focusing on. The first one is due to be held on 22^nd September 2022 and more info can be found here.

Gary Hueting comments: “Having recently chaired the General Insurance Fraud Committee for over three years and with over 20 years’ experience in the industry, Clare is a true fraud prevention advocate. She has already been pivotal in making important changes as we continue to tackle new and emerging risks and we’re thrilled she is part of our future as we continue to fight fraud.”

Clare adds: “I’m excited to have joined Markerstudy and be championing our fraud agenda. Threats are continuing to evolve, especially in the current economic climate, so it’s important we stay agile and ahead of the curve, to safeguard our business, industry and ultimately our customers.”

Markerstudy Insurance Services Limited has invested in technology from analytics leader SAS to support its strategy of profitable and sustainable growth. The SAS^® Viya^® platform on Azure, which runs on a modern, scalable architecture and is fully cloud native, will help support Markerstudy Insurance’s risk, underwriting, claims and complaints, as well as advance its data science capability.

Markerstudy Insurance supports more than 1,000 broker partners and in excess of six million policyholders with a wide variety of insurance products. Migrating to the new platform will enable the company to harness the most advanced data science capabilities to help improve underwriting profitability, gross written premium and claims management. In the future the platform can provide opportunities to offer customer insight, optimised pricing, claims automation, fraud detection and investigation and risk management with real-time decisioning available for every business area, as well as enabling scaling on demand with each new acquisition, or organic growth, at short notice.

“This solution enables us to ensure our systems use the latest technology and retain the flexibility to significantly support our workloads, while being confident this will also enhance our day-to-day operations and ensure compliance with industry regulations,” said Simon Hughes, Group Head of Data & Analytics at Markerstudy Group.

“We can now achieve these aims via advanced analytics on a single cloud-native platform, which also gives us the future opportunity to quickly develop new initiatives in areas such as fraud and customer intelligence.”

Roderick Crawford, VP & Country Manager, SAS UK & Ireland, said: “We’re delighted to be helping Markerstudy Insurance Services through the capability and scalability offered by SAS Cloud. Using advanced analytics and AI, our products lead to faster, better decision-making, and ensure models remain fair, accountable, transparent and explainable, so they can be continually optimised and remain compliant with regulations.”