An event exploring how insurers can use innovation to gain a competitive advantage in their commercial lines.
Senior executives responsible for managing commercial lines within insurers are set to attend Commercial Lines Innovation Europe, a two-day event which will take place online on October 4 and 5 in London.Senior executives responsible for managing commercial lines within insurers are set to attend Commercial Lines Innovation Europe, a two-day event which will take place online on October 4 and 5 in London.
Driven by increasingly complex market conditions where, beset by rising claims costs and macroeconomic uncertainty, rates in many lines of business continue to harden, commercial insurers are under more pressure than ever. Capacity has become more selective, inflation and economic uncertainty are causing growing challenges for underwriters, and new entrants and talent are changing the underwriting landscape by leveraging innovative, technology-led solutions to drive growth and make smarter underwriting decisions.
The solution for commercial lines underwriters is to embrace data, technology and innovation themselves—and find ways of staying one step ahead of the competition. They increasingly understand that to succeed they must transform disruptors into enablers who support and add value to their own digitisation strategies. Those who fail will lose market share to insurtechs, managing general agents and incumbents with the foresight to innovate with them.
Commercial lines, Resilience, Evolving Risks, Innovation, Insurance, Reinsurance
