Instech London Podcast
How insurers are overcoming underwriting challenges in 2024 (304)
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:25:17
- More information
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Synopsis
Unstructured data - is this a challenge that will ever go away? Or can it be a challenge which insurers adapt to work in their favor… At our last New York event in March, InsTech gathered three leading industry experts to candidly discuss what change in the industry looks like to them, specifically in the way unstructured data is handled and managed. We all know streamlining underwriting processes and optimizing data intake & routing will aid with precise risk pricing, but how are the US’s biggest carriers approaching the problem? Hear from Patrick Gallic at Tokio Marine HCC, Georgeanna Munger at Allianz Commercial, and Brad Craner at Zurich North America about pocketed digitisation, implementing best practices, moving blame away from the brokers and how generative AI can serve to repurpose the underwriter’s time for the better. Key talking points include: What are the current challenges underwriters are facing How is technology addressing these issues The dichotomy between late-career and early-career