Improving Small Commercial Underwriting Outcomes with AI

2021 has been a year of significant progress in the industry, as disruptors are serving customer segments previously left out of the insurance equation. One such group that have often struggled to find coverage is the SME sector.

Continuing to improve the quality in the settlement of claims is a major focus for insurers, the supply chain and supporting technology providers. Property claims are amongst the most complex claims instigating a more emotive customer experience. With many different parties involved, multi-tiered supply chains and a broad range of events to be covered, delivering quality requires collaboration as well as innovative and effective technology. Successful applications of new digital technology are starting to deliver dramatic improvements in property claims management. This Live Chat looks under the covers to explore examples of value being delivered to major insurers today in this space.

Join us for this webinar and listen to an experienced, global panel of insurance professionals present, discuss and answer your questions on the theme of “Insurance Innovation”. This is sure to be a popular webinar so register early to guarantee your place. Our webinar will cover viewpoints from Thought Leaders in the insurance innovation arena. By participating live you can help to shape the panel questions and also participate in our live poll. Registered participants who are unable to attend will be emailed a link to the recording of the webinar.

A simple Google search for 'big data definition' returns over 70M hits in less than one second, and only one definition appears more than once among the first dozen hits. Is the fact that this volume and variety can be accessed with such velocity a testament to the democratization of data, or is the lack of clear veracity for any one definition a sign of revolution to come? Will insurance uses of big data be decided by insurance professionals like actuaries or regulators, or will consumers be the ultimate decision makers of how their data is used in insurance and beyond? In this session we use case studies to examine issues and stories surrounding big data in insurance, with a focus on regulation and governance issues. We also reflect on various solutions under discussion at both the national and state level to address big data and how actuaries can help decide its future.