Today underwriters spend 40% of their time on non-core activities, representing an efficiency loss of $85-$160 billion over the next 5 years. Join us for this interactive session where we’ll sit down with Juan Mazzini, Head of Insurance Practice for APAC, EMEA, and LATAM at Celent, to discuss how insurers can automate the underwriting process to increase speed to quote and improve the customer experience.
The commercial fleet market is a special and complex niche for insurance companies. The business model on which it’s based hasn’t changed in decades, and its complexities make it difficult to control the moving assets. In this context, a series of issues along the business model could provide an opportunity for those involved in the commercial fleet insurance space. Companies adopted and adapted early to mobile technologies and smartphone-based sensors, and these innovations have multiplied as data, AI, cloud, smarter sensors, and enterprise integrations have expanded over time. In just the last few years, OEMs, TSPs, captives, MGAs, and even insurers are making direct connections with customers, drivers, vehicles, and operational systems. Uses beyond risk assessment and risk-based pricing now extend the value of connected data and analytic insights to operating effectiveness and efficiencies developed with continuously streaming observational data. Join us in this fireside chat for a first-hand view on how technology is helping move forward the commercial fleet space.