Trevor Maynard, Lloyd’s head of Innovation, commercial
Insurtech firms have been transforming the personal lines business by delivering new applications and products for clients. But now it’s time for new technology to upgrade the commercial side of the insurance business, as Trevor Maynard, Lloyd’s head of Innovation, commercial, suggested to Intelligent Insurer.
Commercial insurance arguably requires a more tailored approach to clients than personal lines, but that should not prevent insurtech from offering a new approach to tackle risks in this segment.
“We believe insurtech can help improve commercial insurance,” Maynard says.
There are areas where technology can be both automated and tailored, he explains. “You can imagine a system that incorporates multiple data feeds from a client and uses them to offer automatically generated, tailored solutions,” he said.
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Insurtech, Lloyd's, Insurance, Reinsurance, Innovation, Technology, Trevor Maynard, London Market, Europe
