|Event Date||Tue Oct 5 EDT (12 days ago)|
An explosion of connected devices providing real-time data and new and unique insights are facilitating an industry-wide pivot from merely predicting future loss towards helping insureds mitigate or prevent a claim. The Predict and Prevent model is a win-win proposition for policyholders and carriers, reducing risk in customer’s lives while improving loss ratios for carriers. Enabling the policyholder to participate in the mitigation of risk leads to a positive increase in their moral emotions and attitudes towards the insurance company leading to an increase in retention and new business referrals. Carriers who grasp the opportunities of this new model will gain a competitive edge in a rapidly changing market.
This roundtable, held in association with Equifax, will bring together senior experts in underwriting, data, analytics, risk, actuarial sciences and technology from insurance carriers to explore how big data and new tech is transforming the customer-carrier relationship.
Vice President, Business Transformation and Strategic Initiatives, Zurich North America