InsurTech developments and the law

Underwriting is at the heart of the insurance business. From evaluating individual risks and the exposures to an entire portfolio to assessing the risk, risk appetite, and ultimately profitability is increasingly crucial with rapidly changing risk factors from weather, climate, societal, technology, and more. The underwriting discipline is making major moves not just to automate the workflow but to change the way underwriting is done by providing access to more data sources to gain new risk analysis insights while creating significantly enhanced agent/broker and customer experiences.

The insurance industry has embraced data analytics to drive business results. Using large warehouses of internal data, augmentation from third-party providers, and big data sources, data analysts are driving product R and D, predictive modeling, and influencing strategy at all levels of the organization. However, many insurers are still dealing with the challenges of diverse core systems with little data integration and limited agreement on what data assets mean. This webinar covers current insurer experience, case studies of successful initiatives, and best practices in developing a data and analytics strategy.

Amongst pressing changes corporate directors and officers must react to in an uncertain economic outlook, key leaders need to be aware of major shifts in the Directors & Officers Liability (“D&O”) marketplace and the underlying litigation and underwriting trends that have preceded this environment. From capacity driving competition to cautiously optimistic litigation trends, the D&O landscape has rapidly softened in spite of inflationary threats. Despite favorable market conditions, decision makers must be cognizant of evolving regulatory scrutiny, corporate accountability standards, and other areas of heightened D&O exposure. Our expert panel will address the latest on D&O litigation trends, their impact on transactional (IPO, SPAC/de-SPAC, etc.) and renewal underwriting and capacity, and insights on the future D&O insurance market outlook.

Discover a selection of ideas and initiatives that left a mark in the industry last year and which can shape insurance in 2022. Digital transformation continued to set the agenda last year, and FintechOS explored this trend from multiple perspectives: challengers, operational efficiency, customer-centricity, and more. We listened to the needs of the industry and launched a major upgrade to our new-generation financial technology solution.