6 Strategies for Resilient Underwriting in an Uncertain World
An exclusive Reuters Events whitepaper featuring insights from senior executives at Berkshire Hathaway Life Reinsurance, AXA XL, The Hanover Insurance Group and Sitata Insurance.
Today’s customers demand more from underwriters—speed, accuracy, and transparency. Is your underwriting strategy robust enough to meet these expectations? Can your portfolio withstand the unprecedented and sophisticated threats it faces?
In anticipation of Connected Underwriting USA 2025 (Austin, Sep 29-30) we engaged with leading executives from top carriers to gain insights into their strategies for addressing these challenges.
Featuring perspectives from industry thought-leaders:
Covering the future of accelerated underwriting in insurance, including how to:
- Combat Algorithmic Bias: Conduct thorough testing and continuous oversight of AI models to prevent bias, ensuring fair, equitable risk assessments that build customer trust and meet regulatory standards
- Innovate to Fight Fraud: Use generative AI to enhance fraud detection and prevention, while staying vigilant against new fraud tactics like deepfakes and synthetic identity theft
- Optimize Application Processes: Apply principles of behavioral science to streamline application processes, enhancing customer experience and improving risk disclosure
Key insights to look out for:
Whereas historically underwriters reacted to events, that’s no longer a safe strategy. “Today you have to think five steps ahead” - John Liantonio, Chief Underwriting Officer Private Equity, U.S. Middle Markets at AXA XL
“There will need to be broad collaboration and continued innovation around how best to share certain risks, that will include government intervention where it's needed,” - William Finn, SVP, Chief Actuary & Chief Data Officer , The Hanover Insurance Group
I hope you enjoy the insights!
Kind Regards,
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