Article Archives - Page 2 of 3 - Insurance Quantified

Informed Decisions, Better Experiences: Realizing Data-Driven Efficiencies with SubmissionIQ

Samantha Cowley, Director of Underwriting Operations at the International Transportation & Marine Agency (ITMA), sat down with Insurance Quantified for an insightful discussion on how SubmissionIQ has contributed to increased efficiencies across her team and material improvements to their daily work.

Transforming Commercial Insurance Underwriting with AI

In this two part series, Groundspeed shares some of our products' AI functionalities as well as business impacts and how our AI product can help commercial insurance carriers.

The Importance of Timely, Accurate Data in Commercial Insurance

In the insurance industry, a common pain point is access to the information needed to make decisions and run the business. David Daniels, EVP and Director of Product Development & Innovation at MiniCo Insurance Agency, a Jencap Company, reflects on his career in insurance and discusses the opportunities he sees for data and technology in this Q&A with Insurance Quantified.

The Underwriter’s Edge

Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each product can bring on new complications. Combine these challenges with an industry talent crisis, and it has never been more difficult to position your underwriting function for success.

Building Up Underwriting Talent: A Three-Step Program for a Four-Generation Workforce

With the introduction of Gen Z into the insurance workforce, underwriting employees span four generations, bringing with them different experiences that color their approach to work and their expectations for employers. How can you take advantage of this unique moment and capitalize on each generation's strengths?

A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting

There's a perfect storm happening with respect to hiring and retaining underwriting talent. Technology provides a real opportunity for employers to differentiate themselves in the market and foster a happy, engaged and productive workforce.

In Insurance Technology, A Little User Empathy Goes a Long Way

Too many technologists can connect with this story: you deliver something that you feel is genius, only to have nobody use it. To avoid this dilemma, we advocate for a “user-first” approach to technology initiatives where you earn the trust of business partners with a little empathy, steady stream of value and a lot of communication.

Delivering on the Promise of Automation in Commercial Insurance

Imagine dining at an elegant restaurant. The waiter escorts you to your seat, you select a five-course meal and then settle in for what may be a long wait as the chef prepares your food. But, to your delight, the server instead brings out each course without delay and at the perfect moment. The food is delicious, and when you receive the bill, the cost is no more than it would be at a neighborhood diner. On your way home, you think about your surprising and pleasant visit.

How and Why to Engage the Whole Company in Product Development

Having the same people review the same product repeatedly can lead to gaps. At Insurance Quantified, one way we overcome this is by inviting all employees to put on their user hats and test out the client experience during an annual bug bash. It's not only an opportunity to find bugs, it helps us build culture and work together to mold our product into the best version it can be.

Meeting Your New Year’s Resolution to Use More Data and Technology in Underwriting

To accomplish the dual goal of augmenting underwriting with timely and relevant data while keeping employees happy and productive, a different approach is required. In our work to help our clients achieve these ends, we’ve identified a few key patterns that have facilitated success.

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