The availability of information on commercial property for insurance underwriters has lagged behind what is available for residential properties. Accurate data can help with risk selection, fraud detection and pricing. But data alone is not enough. Information needs to be fully integrated into the underwriting and business workflow, and be credible and validated.
Technology platforms are fast emerging as a way of bringing together the best sources of analytics, from well-recognised partners. These end-to-end solutions free up underwriters’ time and enable them to focus on writing the best business.
Sapiens is already recognised as having one of the leading insurance administration systems. The company is now offering insurers access to an expanded ecosystem, collaborating with some of the best emerging analytical firms. Sapiens’ partners are carefully selected to fit into the specific business goals of insurers looking to upgrade their access to commercial property underwriting data.
Matthew Grant, Partner at InsTech London, hosts this discussion on what Sapiens has learnt about what insurers are looking for, its criteria for selecting partners and how this fits into the business workflow. They are joined by three companies working with Sapiens - Earnix, Cytora and FRISS - two of whom are already InsTech London corporate members.
The speakers include:
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