With tightening margins, increasing cost pressures, evolving risk profiles, and completely new risks, insurance is facing upheaval resulting from macroeconomic and environment pressures. Competition has never been fiercer, putting a greater premium on insurers ability to harness emerging data sources and utilise new technology in order to better understand risk and deliver more accurate pricing. This roundtable will bring together senior figures to discuss the current state-of-play in the insurance market, the transformations to come, and how to succeed in this moment of change. Key topics will include:
- The changing insurance marketplace and what it means for insurers
- The role of new data and technological transformation in improving underwriting outcomes
- How underwriting is changing and what insurers need to do to say ahead of the competition
Welcome and participant introductions
DiscussionÂ
- How must underwriting departments pivot to meet the challenges of difficult macroeconomic conditions and the consolidation of the insurance industry?
- Evolving risk profiles: assessing the effect of a changing climate on underwriting
- Which new data ecosystems do insurers need to harness to more accurately price risk?
- How can new data sources be effectively integrated into existing systems
- What new insights can data analytics deliver to improve underwriting outcomes?
- What role will AI play in pricing and how will this change the expertise required in underwriting?
- How can automation be deployed in more complex risk products and what CX benefits can this deliver?
Closing remarks
(60 minutes)
Speakers:
Request an invitation
This roundtable is designed for senior figures working across insurance.
Fill in this form if you meet the above criteria and would like to participate in the discussion on 5 November. All invitation requests will be vetted and approved (or declined) by the organiser.
About PWC
At PwC, our purpose is to build trust in society and solve important problems.
With a team of over 16,900 Insurance professionals globally, we work with the world’s leading insurers from strategy to execution, with expertise spanning Cloud and Core technology transformation, Data, Analytics and AI, Digital, Enterprise and Solution Architecture, Deals, Finance, Actuarial and Risk Modernisation.
About Guidewire
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire. For more information, please visit www.guidewire.com.
