The best underwriters knew how to combine experience with data and analytics to grow premiums and underwrite profitably. Until recently, too much time had to be spent manually reviewing and working with submissions that proved unsuitable or were hard to price accurately.
On this panel - 'The future of underwriting has arrived - examples from the front line'. Matthew Grant, CEO - InsTech was joined by Juan de Castro, COO - Cytora; Jamie Wilson, Head of Pricing and Innovation - hyperexponential; Chris Varley, Chief Data and Analytics Officer - Allianz; and Salman Siddiqui, Senior Director, Insurance Practice Lead - Moody’s Analytics.
In this event, we explored the new tools being used by leading insurance organisations to remove the pain from underwriting and let underwriters concentrate on what they did best. Our speakers included case studies and live discussions from insurers and the companies providing some of the available tools and applications, and how these all fit together.
Find out more about the full event held in partnership with Cytora here - [ Ссылка ]
To check out our upcoming events visit www.instech.co/events
This event was free to InsTech members -
If your organisation is not a member, we would love for you to join us at future events!
Contact hello@instech.co or visit www.instech.co for more details on joining us at InsTech
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Continuing Professional Development (CPD)
InsTech is accredited by The Chartered Insurance Institute (CII). By attending an InsTech Evening event, you can claim up to 1.5 CPD hours towards your CPD scheme.
If your organisation is a Corporate Member of InsTech and you would like to start receiving a quarterly summary of the CPD hours you have earned through InsTech, then please let us know by emailing cpd@instech.co.
The Learning Objectives for this event were:
-Describe some of the underwriting tools that enable improved efficiency and reduced manual processes
-Summarise how underwriters can leverage advanced data analytics and technology for faster and more accurate claims assessment
-Specify how insurance organisations can leverage data-driven decision-making to enhance profitability and growth in premium underwriting
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00:00 Introduction
1:45 Investment in underwriting
4:40 Automating underwriting
6:30 Are underwriters moving fast enough?
7:50 Underwriting, data and analytics
9:00 Disparate data
12:20 Decision ready risk for the underwriter
13:45 What about the customer?
17:10 Cytora - how are you improving this flow?
19:30 Hyperexponential - pricing
22:00 Allianz - taking the strain off of the underwriter
25:00 Moody’s - the secret sauce
26:30 The future of underwriting has arrived
