Overview

As the London market continues to evolve, the emergence of algorithmic underwriting and "smart follow" strategies is reshaping traditional underwriting dynamics. These innovations are streamlining processes, enhancing efficiency and transforming how insurers deploy capital.

However, the impact of algorithmic underwriting on traditional operating models, data infrastructure and decision-making processes cannot be understated, raising questions about what technology and skills are required to enable these new strategies.

Additionally, these follow strategies place pressure on existing market dynamics, the role and power of brokers and lead underwriters, as well as the commissions and fees being charged.

This breakfast briefing will explore the implications of these shifts on underwriting models, broker relationships and some of the operational challenges that need to be addressed to deliver these strategies.

Themes to be covered include:

• How are smart follow algorithms changing the roles of lead and follow underwriters, and the way capacity is allocated in the market?
• How is smart follow altering the broker-insurer relationship, particularly around commission structures and fee negotiations. What does this mean for broker facilities and the distribution of market risk?
• What are the key operational challenges facing organisations looking to implement smart follow strategies and how can they be overcome?
• Leveraging these innovations to optimise performance and build competitive advantage