Steven Cucciniello’s Post

The word “ELEVATE” carries special meaning within #AXIS. We asked AXIS Head of North America Mike McKenna what ELEVATE means to him. For Mike, it is about raising the bar to help our customers and brokers.      Mike shares that for specialty underwriters like AXIS, elevating means continuing to innovate by developing tailored solutions to meet the needs of the market.     Hear more from Mike below. #SpecialtySolutionsElevated

Our Q2 results are out and thank you to our AXIS colleagues worldwide for delivering another strong quarter. See below to watch our earnings video and read our press release and here are some words on the quarter from our President and CEO Vincent Tizzio: “This was an excellent quarter and first half of the year for AXIS defined by consistent, profitable results and strong diluted book value per share growth as we pursued our ambition of achieving specialty underwriting leadership. In the quarter, we delivered on our stated goals, producing an annualized operating ROE of 20%, record operating EPS of $2.93, and a combined ratio of 90.4%.   We continued to lean into attractive specialty markets where we hold leadership positions, while tapping into our deep distribution relationships. In our specialty insurance business, we delivered a solid 87.9% combined ratio while generating an 8% increase in gross premiums written, 17% net written premium growth, and record second quarter new business volume. Within reinsurance, we produced an 89.3% combined ratio and a 4% increase in premiums highlighted by targeted growth in specialty lines, reflecting our repositioning of AXIS Re as a focused, specialist reinsurer.   During the quarter, we also took important steps forward in enhancing our operations through our How We Work transformation program. This included implementing operating model changes to improve productivity, reduce our cost structure, and allow for reinvestment into the business. In summary, we are pleased with our second quarter results, feel good about the actions we are taking across all aspects of our business, and are intent on building on our momentum."

"Personalisation at scale – it's ever more important to target specific customer segments with bespoke offerings. Secondly, automation at scale and using data available to automate underwriting and claims in order to provide a simpler customer experience." Andreas Schertzinger shares his views on how insurers can stay abreast of digital customer needs at the recent Insurtech Insights Europe conference. #Insurance #Digital #LifeInsurance #Insurtech #PartneringForProgress 

All the best Akif Tarique and Pavithra Byra Reddy for #insureTech in London. Your #innovative work in #insurance is amazing value addition for customers in leveraging #GenAI and #Automation to accelerate #productivity and improve #business outcomes. #Visionet #insurance #AI #GenAI #Automation.

Great meeting today with the Underwriting Ease team at Swiss Re. I was very impressed with the demo. Learn more about Underwriting Ease at https://lnkd.in/e6d4c7p9. For the latest insurtech news, subscribe to the InsurTech Express blog at InsurTechExpress.com. #insurtech #underwriting #lifeinsurance UNDERWRITING EASE BENEFITS * 50% reduction in Manual UW time (this was proven out in a pilot) * Improved placement rate * Brings greater consistency in UW decisions * ROI by reducing APS orders * Mortality benefits

Andreas Schertzinger, Regional Marketing Executive for iptiQ by Swiss Re discusses the importance of seamless claims handling and added value for the end customer, at Insurtech Insights Europe, 2024. He says: "We're part of Swiss Re, we're fully owned by Swiss Re - and we benefit from Swiss Re's risk knowledge and client access... A few trends have emerged. One I would point out is personalisation at scale, where its become ever more important to target specific customer segments with bespoke offerings." #insurtechinsights #swissre #customercentricity #digitalinsurance

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

Your AMS should not be centered around the lines you sell It should not be centered around policies It should not be centered around accounts It should be centered around humans, and you should be able to see how everyone is connected In one place Easy to access Because nobody likes jumping screens, and going on a wild goose chase to get a proper snapshot of clients You know, kinda like how IRYS Insurtech does it #insuranceindustry #insurtech

🎤 "If the deal is too good to be true, it always is." 👉 Equipping your team with the necessary technological tools to combat fraud as well as the knowledge to effectively identify fraudulent behavior is paramount in today's environment. 🎥 Check out the full panel discussion on our YouTube channel! #fraudawareness #dealerships #automotive #automotivefraud #stayinformed #CUCW2024 #UsedCars #IdentityFraud #AVAID #avatrade #avacredit #avaid #avaprequal #autocorp #dealerservices #autosales #dealership #automotivetechnology #equifax #equifaxcredit #innovation #strategy #digitalmarketing

At Assure Alliance, we believe in empowering our members to seize new opportunities and achieve their full potential. When you become a member of Assure Alliance we are dedicated to helping you navigate the landscape, maximize growth, and stay ahead of the competition. Discover how we can unlock new possibilities together. #AssureAlliance #MarketPotential #InsuranceGrowth