Transforming Underwriting in the London Market
Breakfast briefing | 8am - 10am | 21st November | The Gherkin
Transforming Underwriting in the London Market
Leveraging digital, data and automation to improve commercial underwriting
Technology is already driving change across the insurance value chain, reducing cost, increasing speed and improving service for clients.
Within underwriting the critical component that connects underwriting capital to risk is data. The combination of digital capabilities, advanced data analytics and automation is set to transform our understanding of traditional risks, open the door to develop new products and transform underwriting processes.
However, if the true benefits of transforming underwriting are the be realised directors need to overcome the cultural, technological and operational challenges.
The focus
This breakfast briefing will explore how new, rapidly developing technology is delivering fundamental change to the underwriting function, how to overcome the practical challenges to deliver change and what the future of London market underwriting will look like in the next 5 years.
Topics to be discussed include:
- Weening people off paper – turning paper data into digital assets
- Using technology to improve underwiring performance that reduces exposure and streamlines costs
- Building a fully digital underwriting capability in a ‘zero code’ environment
- Using new data with robotics to drive better decision making
AGENDA
08:00 Registration opens - Grab a coffee & enjoy the views over the city
08:15 Breakfast is served
Leveraging technology to successfully transform underwriting
- How are disruption and innovation bringing change to underwriting at Axa XL
- What are the opportuities and implications of using AI to underwrite risks in the London market?
- What will the successful underwriting function of the future will look like?
09:10 Roundtable discussion & feedback
10:00 Close
Sponsored by
Main sponsor:
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate outcomes for businesses in banking, insurance, healthcare, telecommunications, technology, and media & entertainment. Virtusa's outsourcing solutions enable businesses to improve operational efficiency and reduce IT costs. Virtusa’s digital transformation solutions empower clients to accelerate revenue growth and reimagine the customer experience.
Through the acquisition of a majority interest in Polaris Consulting Services Ltd. in March 2016, Virtusa has created a robust platform to provide end-to-end solutions and services in banking and financial services, strengthening its positioning as a top, global FinTech services provider. Virtusa Corporation is headquartered in Massachusetts and has 50 offices across North America, Europe and Asia.
For more information click here
What your peers have said
"Was a really good event.
The location and food was excellent, and the discussions with other peers resonated with challenges we're facing. I also liked the fact the sponsor didn't do a hard sell on their products and services."
UKGI Lead Business Architect, Zurich Insurance
"I thought today was a good session, people dotted around the table contributing & good questions to keep discussions going."
Head of IT Business Partner, Digital, Distribution & Investments, Canada Life Limited
"I really enjoyed the event this morning, a number of 'tracks' were very thought provoking - its especially good to be able to feel comfortable.... to be able to set questions running in the group where one genuinely doesn't have an answer but see how others might tackle it or what they are thinking.. great stuff, would like to see much more on this subject."
Regional IT Category Director EMEA, Aon
"These events are always interesting and insightful - thanks for the invitation!"
Head of Change & Transformation, Aviva
"Provided a perfect opportunity for senior colleagues and competitors to share their issues and how they were resolved or mitigated. Outcome is there is: there is no perfect solution, and reliance predominantly should be on our own staff and the technology is the enabler, and shouldn't be the taskmaster."
Chief Operating Officer, Axis Capital
"Not only was this event highly informative in terms of future learning and knowledge sharing, I found the environment very relaxed and comfortable which was welcomed. I valued the openness of Ian the guest speaker and the ability to talk freely and share stories.
I look forward to more events like this in the future as I will definitely be attending. "
Claims Operations Manager, Generali
"As ever interesting and lively debate on the hot topics of the day. Sharing the experiences we all face in a safe environment helps put the challenges in perspective"
Head of IT and Change Management, Legal & General
"An interesting and thought provoking event with a great mix of peers from across the industry"
Underwriting and Markets Director, Home & Legacy
"Really good networking opportunity and quality discussions take place among committed practitioners"
Head of IS, Digital, Distribution & Investments, Canada Life