Making Risk Flow | The Future of Insurance

[Greatest Hits] The 3 Steps to Deploy Digital Risk Flows for New Business - Deep Dive

May 16, 2023 Cytora
Making Risk Flow | The Future of Insurance
[Greatest Hits] The 3 Steps to Deploy Digital Risk Flows for New Business - Deep Dive
Show Notes

This time, we are wanting to shine a light on a previous episode from our back catalogue. Recently, insurers have been focussing more and more on implementing digital risk flows. So, here's an episode on that very topic.

The goal of digitising risk flows is to enable automated decision making on the best course of action for each submission, characterising each risk with granular risk information and ensuring that underwriters only work on winnable, decision-ready risks. In this episode, Juan deep dives into the three main stages on how to achieve that for the new business submissions: the art and science of the submission digitisation, risk submission evaluation according to the insurer’s strategy, and routing of the risk to the right downstream system or underwriter.

To discover out more about digital risk processing, click here.

Our previous guests include: Bronek Masojada of PPL, Simon McGinn of Allianz, Richard Coleman of Ecclesiastical, Steven Wilkins of Hiscox, Matthew Grant of InsTech, Philippe Lutgen of Howden, Paolo Cuomo of Gallagher Re, and Thierry Daucourt of AXA.

Check out the three most downloaded episodes: