Insurance CIO Outlook
Mary Kotch, CIO, and Marie-Christine Razaire, Underwriter, Validus Reinsurance detail underwriting changes coming from machine learning.
Kuldeep reflects on progress within Insurtech in 2018, including increasing insurer agility and the importance of trust in any longterm partnership.
Commercial Carrier Collaborates with DataCubes to Rapidly Expand into New States
Many commercial underwriters spend up to 60% of their time on admin work, including manually entering application documents and gathering data from up to 80 external data sources to evaluate each incoming risk. This is a drain on both a carrier’s resources and the level of customer experience they are able to provide to agents, prospects and insureds. In today’s technology-rich society, customers expect fast, accurate service that enables them to get what they need and move on with their business.
Using DataCubes, commercial insurers are able to virtually eliminate admin work and empower their underwriters with tools to help them deliver incredible results.