Shaping the future of insurance at Cytora Summit 2019
Insurance is a vital part of the global economy, giving businesses the confidence to realise their ambitions in the face of uncertainty and protect themselves from loss. Yet the underlying systems that commercial insurance is built on are not working.
Underwriting decisions are made using outdated and incomplete information, and the entire process is antiquated and manual, making it difficult for insurers to assess risks quickly and accurately. Consumers and insurers both lose out because operating costs are unnecessarily high and the customer experience isn’t good which leads to a lack of trust.
With such great disparities in performance, building a more efficient underwriting process has become a major focus for the industry.
A programmable future
Access to new technology and data has grown exponentially in recent years, which has led to significant improvements in the way insurers can assess risk.
Once insurers have the right data infrastructure in place, underwriting for small to mid-market risks will become completely programmatic, and pricing decisions will be instantaneous. In turn, frictional costs for insurers will decrease, enabling them to pass savings on to the end customer.
Programmatic underwriting will see machines do repetitive jobs such as gathering data, verifying documents, and filling forms. This frees up underwriters to spend more time on risk assessment, product development and customer relationships.
Shaping the future of insurance
At Cytora Summit 2019, we are gathering leaders in insurance, finance and engineering to explore how data science and technology are being used to transform insurance – and why it matters now.
Join us to hear from a diverse range of experts giving advice on how to use data to unlock growth opportunities in insurance and create better customer experiences. These speakers include:
- Paul Brand, CEO/co-founder, Convex
- Jamie Hay, Head of EMEA InsurTech, Goldman Sachs
- Jacqueline McNamee, CEO, C-Quence
- Matthew Crummack, CEO, GoCompare
- Ashish Umre, Head of AI, AXA XL
- Lara Korz, Chief Data Officer, Azur UW
- Matthew Crummack, CEO, GoCompare
- Farooq Hanif, Head of Insurance Equity Research, Credit Suisse
Cytora’s product team will also share insight on the trends shaping the industry and demonstrate how our platform is being used by the most advanced insurers to transform the underwriting process.
The event is taking place on 28th November 2019 at LSO St Luke’s, a restored 18th century church in the heart of Shoreditch, a 15 minute walk from Liverpool St station.
To register for your free pass, visit the Cytora Summit website here.