Innovation in Underwriting: 2021 ILF Industry Panel
“The underwriter of yesterday is not the underwriter of tomorrow.”
As risks become more complex and costly, underwriters and the larger industry are responding in a way that allows for sustainable pricing and coverage for their clients.
In this panel discussion from the 2021 Insurance Leadership Forum, industry experts discuss how traditional underwriters are evolving their strategy in response to the changing risk landscape, technology and customer expectations, and how regulators can keep up with innovation while still protecting consumers.
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Timestamps
0:00 Introduction
2:14 Evolving Role of Underwriting
6:07 New Underwriting Tools
11:38 The Proliferation of Data
23:53 Perspective on Rates
35:10 Data Sharing, Transparency, and Equity
46:28 Future-Focused Final Thoughts
Moderator:
Kirstin Marr, Head of Insurity Analytics, Insurity
Panelists:
Brandon Fick, Chief Underwriting Officer, Zurich North America
Mike Kryilis, Director, Insurance, StrongArm Technologies
Scott Sinder, Partner, Steptoe & Johnson, LLP and Chief Legal Counsel, The Council
