Federato’s Post

Another reason to read the recent Cap Gemini Report on how underwriting trailblazers perform significantly better than most insurers. With a playbook to bridge the gap. If you missed it my own The link below shows ways to tackle the key hurdles of a lack of data maturity/fluidity hindering UW outcomes and not involving underwriters early enough. Plus examine how to leverage core systems, Policy Admin, AI-powered solutions, underwriter's workbenches, claims, supply chain, counter-fraud, automated data management tools, and other point solutions to manage the intersection of all these systems. Luca Russignan Rory Yates Daren Rudd 👓 Juliette Lockstone Lisa Wardlaw Ron Arnold Frederik Bisbjerg David Clamp Ron Arnold Paul Maker Gee Pugsley Gillian Baker Eric G. Chris Payne Andre Symes Ed Halsey Gavin Peters Andrew Passfield Tim Hardcastle .

One of HazardHub's clients opted not to renew certain policies flagged by our wildfire model, helping them avoid $14M in claims. When you want to avoid risk, you need to know #HazardHub, a Guidewire Software offering. #data #insurance #insurtech #guidewire

Read post below to see how HazardHub improves loss ratio by reducing claim frequency and helps carriers outperform their competitors. When you need to know, you need to know HazardHub!

Underwriting is a cornerstone of our industry. And ultimately trailblazing people will drive trailblazing success. And like most of insurance, #underwriting is set to transform. 💯 🔻 🔻 🔻 In this article with the exceptional PropertyCasualty360, and using the work I was lucky enough to participate in from Capgemini and the WORLD PROPERTY AND CASUALTY INSURANCE REPORT 2024, we looked at what it takes to become an underwriting trailblazer: Charting transformation across a shifting risk landscape. In this article I take a further look at talent, data and the best drivers of transformation success. See why I say things like: 👉 "The future of underwriting has the potential to look very different from today. Over 20 years, insurance has slowly progressed from being one of the last paper-based industries to one that embraces digitization. During this period of dramatic change, the amount of actionable information available to underwriters has increased year-on-year." 👈 EIS Ltd Luca Russignan Mike Daly Lisa Wardlaw Jonathan Phillips (JP) Jason Thackeray Brad Worth Philippe Lafreniere Sara Perez Ian Betley Ema Roloff Curtis Goldsborough Rory Pyke Joanna England Paul Wishman Hélène Stanway Daren Rudd 👓 Chris Andrew (CII) Mike Bianchi ☁️ Aiimi https://lnkd.in/et5JFf4U

How Underwriters Win Business With Data and ML at AXA XL

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.

Delighted that we will be exhibiting at Europe's largest insuretech conference on March 20th and 21st. Please do get in contact to arrange a discussion if you want to find out more about Verisk Specialty Business Solutions Whitespace Software or Morning Data and how our solutions are transforming the trading and processing of specialty and commercial insurance. #Insurtech #insuranceinnovation  #insurance  #datafirst

Customers often ask whether we can handle a particular specialist line of business, and to that we say "if you can explain it, we can handle it in our purpose-built underwriting workbench." Our team is committed to the underwriting community. It’s who we’ve built our business for. We have years of experience within the commercial and specialty insurance industry, working alongside underwriters, so we know how they look at risk. Alongside the market, we've built an insurance data model that can handle complex lines of business without having to reinvent the wheel. Discover a platform that is tough enough to make the complex, simple - Send Underwriting Workbench. #CommercialUnderwriting #Data #Innovation https://lnkd.in/dcbnPy-V

Last chance to register for this webinar running later today! https://lnkd.in/epWeU9Tg Join myself, Alejandro Zarate, Global Head of Data Strategy, Marsh and Tammy Nichols Schwartz, Senior Director, Guidewire Software as we uncover why 2024 could be HUGE for the insurance ecosystem, with so much innovation in #data and #riskanalysis in the ecosystem right now. With collaboration between regulators, insurtech and carriers, there lies a huge opportunity to achieve a marketplace that provides both consumers protection and choice, and insurers a future of profitability. Reliance on historical data and traditional insurance risk assessment tools struggle to accurately identify and differentiate risk across the nation. But change is on the horizon… In this webinar we will discuss how innovative and fresh approaches to data and risk analytics can allow insurers to more accurately identify, price, and account for risk... Lots to uncover. Join us live and pose your questions. What are your predictions for the next 12 months? What are you most excited about? Register here: https://lnkd.in/epWeU9Tg Cc: Cecilia Bautista-Sablan

Please join us for a webinar next Wednesday, December 13, "2024: A Year for Innovation in Insurance Data and Risk Analysis," featuring Guidewire's Tammy Nichols Schwartz, CPCU, Marsh's Alejandro Zarate, and The Lighthouse Collective's Graham Proud. They will discuss how innovative and fresh approaches to data and risk analytics can allow insurers to more accurately identify, price, and account for risk at the individual property level and the portfolio level. Register today! #insurance #innovation #insuranceinnovation #propertyandcasualtyinsurance #pandcinsurance #insurtech #insurancetechnology #insurancetech #analytics #data #risk