Leveraging data, analytics and automation to transform underwriting in the London market
Automating the extraction and enrichment of unstructured pre-bind data to streamline processes and improve underwriting decisions
The Gherkin
The process of underwriting London market risks still relies too much on manual data entry and ingesting unstructured data in different formats. This approach is costly, time consuming and error prone.
However, as digital technologies develop, and advances in data analytics and automation continue at pace, the race is on to enable data-driven underwriting processes that will provide the competitive edge as well as delivering efficiencies.
This breakfast briefing will explore how these technologies are being applied now in the London market, the practical challenges that need to be overcome to achieve success, and future developments in digital underwriting.
Topics to be covered include:
- Moving from traditional paper-based approaches and processes to digital
- Best practices for extracting and enriching submission data
- Applying advanced analytics and models to help underwriters make better decisions in a shorter time
- Strategies for delivering this change across the organisation
Sponsored by
Speakers
AGENDA
08:00 Registration, tea and coffee
08.15 Breakfast of your choice with views over the city
08.40 Introduction by the chair
08.50 Presentation
Overcoming the operational challenges to achieve digitally enabled, data-driven underwriting
- Leveraging technology, data and automation to transform underwriting processes
- Using analytics to improve decision making
- Key criteria to successfully automate underwriting data enrichment from third party sources
- How has this delivered ROI and what have been the lessons learned
09.05 Roundtable discussions and feedback
10:00 Close
Sponsored by
Main sponsor:
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
We specialise in supporting our customers with end-to-end data and analytics capabilities across a number of chosen industry verticals with a major focus on financial services with our ~7000 strong data and analytics professionals
Our insurance analytics capabilities span the entire insurance value chain and cover data management, predictive analytics, machine learning, AI, visualisation and reporting in Underwriting, Sales and Service, Marketing, Claims, Pricing, Actuarial and Operations.
EXL has been named a Leader in Everest Group 2024 Advanced Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment.
Visit the EXL Newsroom or here more information about this recognition.
For more information click here