InsTech - insurance & innovation with Matthew Grant & Robin Merttens

How insurers are overcoming underwriting challenges in 2024 (304)


Listen Later

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 underwriters - what can be learnt from this
  • Technology adoption is an evolution
  • Is too much data the problem? 
  • The ‘art v science’ of underwriting 
  • If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

    To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected]

    Continuing Professional Development

    This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

    By the end of this podcast, you should be able to meet the following Learning Objectives:

    • Specify why implementing best practices for underwriting is important
  • Identify reasons why unstructured data is such a problem and can it be solved
  • Summarize what the ideal form of technological integration can look like for an underwriter and how it could possibly repurpose their time
  • If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 304 page of the InsTech website or email [email protected] to let us know you have listened to this podcast.

    To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

    ...more
    View all episodesView all episodes
    Download on the App Store

    InsTech - insurance & innovation with Matthew Grant & Robin MerttensBy InsTech

    • 4.6
    • 4.6
    • 4.6
    • 4.6
    • 4.6

    4.6

    9 ratings


    More shows like InsTech - insurance & innovation with Matthew Grant & Robin Merttens

    View all
    Business Daily by BBC World Service

    Business Daily

    529 Listeners

    Wake Up to Money by BBC Radio 5 Live

    Wake Up to Money

    55 Listeners

    The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

    The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

    538 Listeners

    Masters in Business by Bloomberg

    Masters in Business

    2,175 Listeners

    The McKinsey Podcast by McKinsey & Company

    The McKinsey Podcast

    390 Listeners

    a16z Podcast by Andreessen Horowitz

    a16z Podcast

    1,091 Listeners

    The Times Tech Podcast by The Sunday Times

    The Times Tech Podcast

    172 Listeners

    Eye On The Market by Michael Cembalest

    Eye On The Market

    289 Listeners

    Inside the Strategy Room by McKinsey & Company

    Inside the Strategy Room

    169 Listeners

    FT News Briefing by Financial Times

    FT News Briefing

    666 Listeners

    Behind the Money by Financial Times

    Behind the Money

    226 Listeners

    Dry Powder: The Private Equity Podcast by Hugh MacArthur, Bain & Company

    Dry Powder: The Private Equity Podcast

    144 Listeners

    The Voice of Insurance by The Voice of Insurance Mark Geoghegan

    The Voice of Insurance

    27 Listeners

    The AI Daily Brief: Artificial Intelligence News and Analysis by Nathaniel Whittemore

    The AI Daily Brief: Artificial Intelligence News and Analysis

    586 Listeners

    Unhedged by Financial Times & Pushkin Industries

    Unhedged

    167 Listeners