Resources - Insurance Quantified

WSIA Annual Marketplace | 9/17 – 9/20

Insurance Quantified attended the WSIA Annual Marketplace September 17-20. Read here for some takeaways from the event.

WSIA Annual Marketplace | 9/17 – 9/20

Insurance Quantified attended the WSIA Annual Marketplace September 17-20. Read here for some takeaways from the event.

Defining Insurance Underwriting Roles in a World With AI

Technology has modernized a number of industries – but insurance underwriting stands out as an area that has remained relatively underserved by technology, still largely taking place between the inbox and Excel. But this doesn’t have to be the case. Recent years have seen the rise of modern tools that incorporate AI and machine learning methodologies to expand opportunities for underwriting.

Eliminating Fraud at the Point of Submission

Join Insurance Quantified and SambaSafety on September 27, 2023 for a deep dive webinar on how underwriting teams are using this powerful combination of the right data and tools to discover discrepancies in commercial trucking applications.

Overcoming Fear of Change: How Effective Onboarding Fuels Success with Underwriting Technology

The insurance industry has been slow to adopt technology overall, and for good reason. Insurers have been burned time and again by technology projects – they overextend, underperform, misalign or simply don’t move fast enough. Onboarding plays a big role in this. When executed well, onboarding supports firms in making the most of their investment.

Panel Recap: How AI Can Help You Find and Keep Quality Talent

In a fireside chat at the 2023 DigIn Conference, Jeff Tyler of Insurance Quantified and David Daniels of MiniCo Insurance Agency (a Jencap Company) discussed how insurers can leverage AI tools to become a preferred employer and supercharge existing and future underwriting talent. Here are a few of the highlights.

How to Handle Submission Overload: Key Tech Capabilities for Underwriting Prioritization

Companies that are inundated with submissions can benefit tremendously from finding a solution that will not only complete the intake process in a timely, accurate manner, but can also apply rules that help prioritize and ultimately surface the best opportunities for underwriters to focus on. As you are evaluating technology solutions, here are three core capabilities you should look for.

“I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.”

The business benefits of responding to all submissions go beyond cementing a reputation for being timely and responsive. It also unlocks the opportunity to quote more business and thus write more premium, as innovations like easier access to data and smoother workflows facilitate a more scalable underwriting process overall.

Practical Data Science: Key Principles for Maximizing and Integrating Data Science Across the Business

In the last decade, data science has gone from being named “the sexiest job of the 21st century” by Harvard Business Review to threats of these jobs being replaced altogether by recent advancements in LLMs as popularized by ChatGPT. But data science can play a very important role in driving business impact.

ITC Vegas 2023 | 10/31 – 11/2

Join our very own Suman Palit, Vice President of Groundspeed Product Management, on November 2 from 3:05 - 3:40 PM for “The Holy Grail for Commercial Underwriting: Fast, Accurate Data” panel. The group of experts will discuss how the industry is using technology to redefine standards and expectations for speed and quality of data.

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.

Target Markets Annual Summit | 10/16 – 10/18

We are thrilled to be a Gold sponsor at the 2023 Target Markets Annual Summit in Scottsdale from October 16-18. The team at Insurance Quantified now with Groundspeed is looking forward to in-depth conversations about the insurance industry.

MCIEF Annual Conference | 10/3 – 10/6

Insurance Quantified now with Groundspeed is excited to attend the 2023 MCIEF Annual Conference in Orlando from October 3-6. We look forward to learning about the newest advancements in the motor carrier insurance industry and seeing our clients, partners and industry colleagues at the event.

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.

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.

Do Large Insurance Companies Really Have a Technology Advantage? Agile, Adaptable Smaller Firms Cast Doubt

Larger companies have the financial resources to invest in bespoke solutions and technology build-outs, as well as the in-house talent to operate these systems. But bespoke takes time. Smaller companies, with leaner teams and a blank technology slate, can move faster and see relatively quick return on technology investments. The key is getting started.

Explore What’s Possible

WSIA Annual Marketplace | 9/17 – 9/20

WSIA Annual Marketplace | 9/17 – 9/20

Defining Insurance Underwriting Roles in a World With AI

Eliminating Fraud at the Point of Submission

Overcoming Fear of Change: How Effective Onboarding Fuels Success with Underwriting Technology

Panel Recap: How AI Can Help You Find and Keep Quality Talent

How to Handle Submission Overload: Key Tech Capabilities for Underwriting Prioritization

“I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.”

Practical Data Science: Key Principles for Maximizing and Integrating Data Science Across the Business

ITC Vegas 2023 | 10/31 – 11/2

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

Target Markets Annual Summit | 10/16 – 10/18

MCIEF Annual Conference | 10/3 – 10/6

The Importance of Timely, Accurate Data in Commercial Insurance

The Underwriter’s Edge

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

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

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

How and Why to Engage the Whole Company in Product Development

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

Do Large Insurance Companies Really Have a Technology Advantage? Agile, Adaptable Smaller Firms Cast Doubt

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