In this episode, TEC talks to James Anderson, Partner at EY, about the state of underwriting transformation in today's insurance industry – including motivations and barriers. How prepared are insurers for the competition of tomorrow? The pair explore the crucial role of data flow and automation in future underwriting, simplifying processes and enhancing risk evaluation and decision making.

Whether you are a seasoned industry expert or a newcomer, this episode offers practical insights and strategies to stay ahead in an evolving market.

Timecodes:

00:10 Introduction
01:05 What is pricing transformation?
02:51 What is the shift in vision needed for a successful transformation?
05:09 How are priorities changing in the market?
08:45 The role of data quality and automation in transformation
14:30 When is the right time to execute a pricing transformation strategy?
17:00 What are the main barriers for change?
18:05 How to quantify and communicate the case for transformation
20:25 Effective leadership and change management
26:22 What is algorithmic underwriting?
30:43 What impact will AI and machine learning have in the insurance space?
36:39 What should insurers, reinsurers and MGAs do to prepare for a potential soft market?
39:22 Goodbyes/Outro


Find more info and resources relating to this episode at hyperexponential.com

свернуть