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Stay in the know with the latest analyses and perspectives from Insurance Quantified on underwriting talent, technology and the insurance landscape.
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.
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.
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.
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.
Between manual data entry, complexity of evaluating risks in the digital world, and ambitious growth targets, the demands on underwriting teams are intense. In this on demand webinar, Insurance Quantified's Jeff Tyler discusses how the right technology and data insights can augment and amplify teams, helping them drive greater business impact.
Having a thoughtful and effective data management strategy will allow you to make the most of your data science applications. Read insights in our ebook on those data management strategies that will help lead you to better results, including improved risk decisions, from machine learning and other data science techniques.

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