Strategize, Innovate, Overcome: Product Innovation to Fight Emerging Risk 2022 | Reuters Events | 23 March 2022 | Webinar

As it continually evolves, and we face the ‘next normal’ in a series of new normals, emerging risks continue to arise. Coupled with the fact that risk is evolving faster than the data needed to write it, keeping pace must be a priority for carriers in 2022.

Whilst efforts can be focused on better forecasting and modelling, the answer also lies in product innovation. Relevant, targeted products suited to customers’ needs, as well as aimed at early detection and mitigation, hold the potential to help insurers avoid catastrophic loss.

• Profitable product innovation: Innovate product offerings with new technology, telematics and IoT to ensure products respond to change quickly, and are also commercially viable
• Utilize partnerships to fill coverage gaps: Draw on external knowledge, partnerships, and experts to create products that keep pace with wider trends affecting the insurance market
• Avoid siloed efforts with retrospective data: Bring claims and underwriting data together with external risk indicators to understand where to prioritize action

2022 Speakers

Gary Kaplan
President, North America Construction, Axa Xl

Sarah E. Jacobs
Vice President, Personal Lines Product Development, Nationwide

Aviad Pinkovezky
President, First Connect (a Hippo Company)

Bryan Falchuk
Managing Partner, Insurance Evolution Partners