The State of Digital Insurance Transformation

The inseparable duo of underwriting and pricing has just found its third partner - automation. In a Research and Market report, The automated machine learning (AutoML) industry was valued at $346.2 million in 2020. The industry is estimated to grow by 4283% to $15 billion in ten years. Yet, a 2020 Accenture report shows that 85% of customers are not satisfied with the speed of the underwriting process. The implementation and evolution of AutoML can speed up that process and significantly increase the customer experience and gain you customers. But where is this technology headed? What are the barriers? And how can we best ride the wave of an evolving automation landscape?

For our 20th webinar, we are still going to feature H&G Partner, Imants Holmquist, and guest speaker, Melody Olson, Propel Insurance Sales Executive. Join us for a discussion with Imants and Melody regarding Key Issues in Insurance - Cyber Insurance.

The Insurance Distribution Directive (IDD) requires all insurance distributors and their employees to have the appropriate knowledge and ability to perform their roles. This must be supported by a minimum of 15 hours’ Continuing Professional Development (CPD) a year. Employees must have a minimum necessary knowledge of eight core areas. This webinar presents an overview of the eight core areas of the IDD and suggested areas of learning for each core area. CPD is also discussed and what can be recorded as CPD and why this is important.

When you’re making crucial underwriting decisions for the commercial properties in your portfolio, it helps to know when and how the data you’re relying on was collected. With more than 15 million commercial properties in the United States, it’s impractical to visit each one in person every year—even with the help of our team of 400 field representatives. InsurTech has opened the door to virtual, mobile, and automated strategies that can refresh data more frequently—helping you compete more confidently in the fast-paced commercial property market.