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Underwriting

Data and technology are changing the way that insurers underwrite. Improved catastrophe models and new technology for algorithmic underwriting are helping to make the day-to-day lives of underwriters easier.

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Podcast
June 30, 2023
The one-stop shop for managing insurance submissions
Send offers modular commercial insurance software to insurers, reinsurers and MGAs. The core offering is an underwriting workbench that supports from initial enquiry to bind. It’s a single place for underwriters to access data, documents and decision points. New insurers can use it as ...
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Insight
June 14, 2023
Four keys to unlocking cyber ILS capacity in 2023
The demand for cyber insurance has increased rapidly over recent years, and is set to grow further. The cyber insurance market will nearly triple in size by 2027, according to Munich Re. To underwrite more insurance, insurers need to transfer some of their risks to ...
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Insight
May 23, 2023
In conversation with Aon STG’s Paul Campbell on driving higher performing insurers
Paul Campbell, Global Growth Officer at Aon’s Strategy and Technology Group (STG), spoke to InsTech Executive Chairman Robin Merttens at the Aon-sponsored InsTech event, ‘How to optimse your underwriting portfolio’ on the 25th April 2023. They discussed how STG is driving higher performance by helping ...
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Insight
May 18, 2023
Cytora: achieving digital risk flows in commercial insurance
Member Spotlight: Cytora Henry: Richard, why did you found Cytora? Richard: Commercial property and casualty insurers are looking to decouple premium growth from expense growth; that is, underwrite more insurance without spending more on personnel. A key factor holding them back has been the manual ...
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Podcast
May 12, 2023
Real time insurance for a real time world
Concirrus was founded in 2012 and has evolved to become one of the leaders in supporting marine underwriting through tracking ships and managing data. Today the company is expanding into a platform for multiple risk types and provides analytics into areas including aviation and liability. The ...
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Podcast
May 5, 2023
From system of record to system of insight
Guidewire is known for providing technology to the property, casualty and workers’ compensation insurance industry. The company is expanding its analytics capabilities and also has an open ecosystem of partners which offer a variety of hardware, consulting and application services. Matthew Grant is joined by ...
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Podcast
April 28, 2023
To see is to understand
With all the sophisticated models, data and tools available to insurers, it’s as important as ever to know where something is. Managing aggregation is vital for successful underwriting and we are going to be seeing a lot more about platforms that bring together different ...
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Video
April 12, 2023
Innovation success – go narrow, go deep
For InsTech’s first video podcast, Matthew Grant was joined by Duncan Gemmel, Chief Strategy Officer, and Hayley Maynard, Head of Innovation, at Chaucer Group. Here are the video highlights… If you’d like to listen to the full episode 238 go to www.instech.co/...
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Podcast
April 6, 2023
Innovation success – go narrow, go deep
No technology innovation survives long without a client. Chaucer Group is well known as a successful Lloyd’s insurer and embodies the spirit of Lloyd’s by underwriting unusual and complex business.  Matthew Grant is joined by Duncan Gemmel, Chief Strategy Officer, and Hayley ...
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Report
March 30, 2023
Property Intelligence: Understanding and managing natural hazards
This report reviews the techniques and tools available today to help insurers understand, manage and mitigate natural hazard risk for properties they are insuring. We include perspectives from an insurer, broker and MGA on the current hazard data and catastrophe modelling market and profile the InsTech members providing relevant models, data and technology.
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Podcast
February 16, 2023
Flood modelling goes global
We’re covering two main themes here – building a business that survives and thrives after ten years – and assessing the growing risk from a flood. We’ve been working closely with Fathom for many years. In Matthew Grant’s discussion with the co-founders of Fathom, ...
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Insight
February 7, 2023
Fathom and Reask: Tropical Cyclone and Flood – Managing Tomorrow’s Climate Risk Today
Fathom and Reask: Tropical Cyclone and Flood – Managing Tomorrow’s Climate Risk Today For insurers, catastrophe models and hazard data are essential for risk selection, pricing and portfolio management. It is necessary to ensure that no singular catastrophic event can disproportionately impact the loss to ...