Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

New rules of the road in Underwriting – E&Y Research


Article Synopsis :

There is no doubt that digital advancement presents a great opportunity for insurers to leverage technology, data and analytics to achieve underwriting excellence. So where should insurers invest in the next few years to improve the accuracy, precision and effectiveness of their underwriting function?

 The Digital Insurer reviews E&Y’s Report on New rules of the road in Underwriting

New underwriting trends, driven by digital forces, are reshaping the underwriting function 

In the research paper “Insurers are applying new rules of the road in attacking underwriting“, the E&Y team highlight five recent underwriting trends with potentially positive implications for insurers seeking to boost performance and explain how they can be more innovative in underwriting. The E&Y team believe that forward-looking insurers can increase profitability and generate business value through refreshed underwriting and pricing operations leveraging the following five  underwriting trends:

  1. Real time becomes the rule
  2. Data and analytics get predictive
  3. Reducing risk with rules-based systems
  4. Getting personal with Millennials
  5. Distribution goes digital

Link to Full Article:: click here

Digital Insurer's Comments

The rise of digital channels is generating  huge amounts of actionable customer data that can empower underwriters with analytical insights to improve pricing and risk evaluation.

Even though most insurers acknowledge that ‘data is  king ’, one of the most critical business challenges they face today is the lack of capability to capture and analyse this data effectively.  Even the most advanced insurers  struggle with siloed, disparate and non-integrated systems which are ingrained in their operational infrastructure.

We believe the solution lies in developing data-oriented capabilities using technology to make underwriting simple, intuitive and real-time. It’s crucial for insurers to start building next-generation underwriting platforms that are:

  • Predictive (asks less questions)
  • Near real- time (less complex, enhances customer experience) and
  • Omni-channel (available anytime and anywhere)

Leading insurers must work to develop these new and enhanced capabilities for assessing and pricing and placing insurance risk in order to stay competitive.

Link to Source:: click here


Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in