Commercial Lines Innovation USA

Intellect SEEC is excited to join 1000+ commercial insurers to kick-start digital transformation for commercial lines at Commercial Lines Innovation USA in May. Jim Mckenney, Chief Strategy Officer and Products Business Head will be among the speakers from leading commercial lines carriers along with SVPs and VPs of Underwriting, Operations and Distribution.

Session: Transform Middle-Market Underwriting With Automated Efficiencies And Data Sophistication

• Consider the underwriting challenges that are unique to the middle-market, including the heterogeneity of risks and the difficulty to predict future scenarios based on past underwriting performance
• Take the waste out of archaic underwriting systems, tackle the inefficiencies of email and excel, and implement digital tools to extract and analyse unstructured data in a variety of formats
• Develop a roadmap to modernize the information exchange between carriers, brokers, and insureds, streamline broker-carrier communications to cut turnaround times, and leverage automation to drive efficiencies that remove the expense and mundane burden of non-value-adding tasks
• Focus on the submissions process for middle-market business and leverage AI to prioritise submissions, enabling underwriters to focus their time on better quality accounts—in-line with appetite, and most likely to win
• Understand where to reinvest revenue saved from streamlining inefficiencies, achieve ROI with data enrichment using third-party sources, and empower underwriters to drive growth by understanding exposure better