Mark Sayewich’s Post

Leading the “Radical Transformation” Coming to Commercial Lines Underwriting Macroeconomic headwinds, growing risks, rising customer demands, and increasingly aggressive rivals, have commercial lines carriers “on the cusp of radical transformation,” according to KPMG. Charanjit Singh Saggu, Director of Underwriting Innovation at Zurich North America, joins InsurTalk, hosted by Laura Drabik, Chief Evangelist at Guidewire, to talk strategies for driving commercial lines innovation to protect margins, reduce losses, expand share, and build competitive differentiation in 2024 and beyond—listen now: https://lnkd.in/giGU6hNv #PandCinsurance

Leading the “Radical Transformation” Coming to Commercial Lines Underwriting Macroeconomic headwinds, growing risks, rising customer demands, and increasingly aggressive rivals, have commercial lines carriers “on the cusp of radical transformation,” according to KPMG. Charanjit Singh Saggu, Director of Underwriting Innovation at Zurich North America, joins InsurTalk, hosted by Laura Drabik, Chief Evangelist at Guidewire, to talk strategies for driving commercial lines innovation to protect margins, reduce losses, expand share, and build competitive differentiation in 2024 and beyond—listen now: https://lnkd.in/giGU6hNv #PandCinsurance

Leading the “Radical Transformation” Coming to Commercial Lines Underwriting Macroeconomic headwinds, growing risks, rising customer demands, and increasingly aggressive rivals, have commercial lines carriers “on the cusp of radical transformation,” according to KPMG. Charanjit Singh Saggu, Director of Underwriting Innovation at Zurich North America, joins InsurTalk, hosted by Laura Drabik, Chief Evangelist at Guidewire, to talk strategies for driving commercial lines innovation to protect margins, reduce losses, expand share, and build competitive differentiation in 2024 and beyond—listen now: https://lnkd.in/giGU6hNv #PandCinsurance

Leading the “Radical Transformation” Coming to Commercial Lines Underwriting Macroeconomic headwinds, growing risks, rising customer demands, and increasingly aggressive rivals, have commercial lines carriers “on the cusp of radical transformation,” according to KPMG. Charanjit Singh Saggu, Director of Underwriting Innovation at Zurich North America, joins InsurTalk, hosted by Laura Drabik, Chief Evangelist at Guidewire, to talk strategies for driving commercial lines innovation to protect margins, reduce losses, expand share, and build competitive differentiation in 2024 and beyond—listen now: https://lnkd.in/giGU6hNv #PandCinsurance

Here's one of our recent pieces of thought leadership on the benefits of technology in the evolving risks landscape. In this video (click on the link below), Penny Randall Seach, Chief Underwriting Officer here at Zurich Insurance, shares her insights of how digital innovation in underwriting is shaping the customer experience, offering more opportunities and benefits to clients. #zurichinsurance #reputation #communications #corporateaffairs #corporatecomunications Zurich Commercial Insurance Z Zurich Foundation Zurich North America Zurich UK Zurich Schweiz Zurich Canada Zurich Australia Zurich Australia

🌟 Missed SCHUMANN CONNECT? Underwriting in trade credit insurance and surety business is transforming. The market's demand for digitalisation is urgent and vital for staying competitive. SCHUMANN CONNECT highlighted how Insurtech is leading the way with future-oriented solutions. Industry experts shared valuable experiences and discussed the success of digitisation projects. Watch the video for more insights ⬇ Thanks again to our speakers Jay Hopkins, Ewa Rose, Bhaskar Vittal Gubba and Phil Bonner 👏 #SCHUMANNCONNECT #IndustryInsights

The Big Shift. Insurers are moving from process-centric to data-maturity models to make faster, better risk decisions. The Capability Maturity Model has driven process standardisation for years, focusing on cost reduction and efficiency through defined, repeatable processes. However, adoption has varied, with standard lines and SME carriers leading the way, while specialty mid-market firms lag behind. This difference in model maturity is a clear point of differentiation in today's market. In this data-driven world, there's an opportunity not just to enhance underwriting efficiencies, but to fundamentally transform the role of underwriters. Our Underwriting Maturity Framework enables carriers to visualise their progress over time and secure organisational buy-in. Download to see your path from process-centric to data-centric underwriting here. https://lnkd.in/eXERYCTP #Underwriting #Insurance #DataDriven #Transformation #Innovation

The good news is that insurers now recognize the key role an upgraded underwriting function can play in increasing agility, capturing new business, and driving improved profitability. With new technology and the assistance of a reliable and knowledgeable partner, insurers can move rapidly to generate improved business results. Get a fresh look here >> https://lnkd.in/gvvGtG7v #underwriting #insurers #business

Arch Insurance North America announces Prabhu Venkataraman as CIO To know more about it read our full article here: https://lnkd.in/dU6mVgsJ . . #cionews #cionewletter #innovations #technology #technologyrocks #technologyinnovation #artificialintelligence #artificialintelligenceai #informationtechnology #technologyinformation #fintech #fintechnews #financialservices #generativeai #aigenerative #virtualrealityworld #simulation #digitalaging

The good news is that insurers now recognize the key role an upgraded underwriting function can play in increasing agility, capturing new business, and driving improved profitability. With new technology and the assistance of a reliable and knowledgeable partner, insurers can move rapidly to generate improved business results. Get a fresh look here >> https://lnkd.in/gZDevNSp #underwriting #insurers #business