Supercharging Profitable Growth: Using Analytics to Drive Underwriting Automation
Date Held: November 14, 2013
Hosted by: Insurance Networking News
Duration: 60 Mins
As insurance carriers look at opportunities to maximize profitability, there are alignment gaps that often prevent them from realizing their full potential. There are a host of factors carriers need to address in order to drive a growth engine focused on both short and long-term success – gaps in distribution and underwriting objectives, the right balance of risk vs. reward and efficient execution to name a few. While this has historically been viewed as the role of the underwriter, the reality is that efficient risk selection touches many parts of an insurance organization. In order to achieve profitable growth, carriers must align the executive suite, distribution channels, underwriting management and the underwriters themselves around a common set of objectives.
In this free webinar you will learn about key trends driving change in the insurance industry and how carriers can leverage predictive and adaptive analytics to:
- Optimize portfolio composition and effectively deploy underwriting capacity
- Influence channel activity and promote loyalty by being “easy to do business with”
- Scale efficiently and maintain underwriting discipline
- Automate manual work steps and streamline risk data collection
Principal in Novarica's insurance practice, focused on core systems, distribution management, and strategy.
Director – Industry Principal, Insurance Practice at Pegasystems
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