In this webinar, we explore a different way of looking at how to improve underwriting; focusing on the needs of the underwriter, not just on the process.
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The panel examined the key themes that emerge from the case studies provided by Vave, Ki Syndicate, ReThink, Verisk Specialty Business Solutions, Guidewire and Artificial Labs/Chaucer. Topics included project initiation, build or buy, how to achieve data mastery, the war for relevant talent, how the role of the broker changes in an algorithmic world, and what lies ahead.
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It’s either strategic planning season at your company or it soon will be. For insurers, strategy time means renewed, intensified focus on underwriting appetite. Simply put: what business will you strive to win for the next 3-5 years? Many senior line, territory, and segment leadership teams probably won’t discuss much else this summer and fall. But do you have the data to start that discussion? Can you recognize emerging opportunities for profitable growth? Are you relying mostly on your current book or chasing the most recent headline in lieu of having the best information?
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To win the customer’s heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences. Whilst there are many barriers to implementing AI and analytics, it is essential for winning and retaining customers in the future. Let's find out how.
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