Underwriting and insurtech increasingly intersect as the industry embraces technology in this space. Insurtech can help underwriters better assess risk, do their job more efficiently and help their companies be more profitable. Additionally, underwriters insight helps the IT professionals determine how this technology is integrated into operations.
It is for this reason we offer a NEW overnight education and networking event. The Fall IT & Underwriting Summit will kick off with an evening reception and then move on to a day full of education for BOTH the Insurtech and Underwriting sides of our industry. Expect combined general sessions, as well as break-out sessions dedicated to each topic. Attendees of our previous annual IT Seminars and annual Underwriting Seminars will find this to be valuable and the perfect improvement on our previous events!
November 1st, 2022
5pm - 6:30pm - Welcome Reception
8pm - 10pm - Cash Bar
November 2nd, 2022
7:30am - 8:30am: Breakfast
8:30am - 8:45am: Opening Remarks
8:45am - 9:45am: Data Analytics & the Transformation of the Industry
Insurance carriers of all shapes and sizes – and Not just the leading ones – are using data like never before through advanced analytics to reimagine how to evaluate risks, to reinvent the customer journey, and to rethink how decisions are made in underwriting and loss prevention. Any insurance company’s underwriting and risk capabilities, along with its agents and policyholders, can be empowered and even transformed by data analytics.
9:45am - 10:30am: PA & NAIC Cybersecurity Update
David Buono, Deputy Insurance Commissioner
10:30am - 11:00am: Exhibit Hall Refreshment & Networking Break
11:00am - 12:00pm: Risk Concentration Today
Moderated by Matthew Holden, Assistant Vice President, Farmers Fire
This session will take a dive into the evolving world of risk concentration. Topics discussed will include challenges faced in the evaluation of risk and the tools and help available to assist carriers. Also covered will be various impacts on the shifting landscape of concentration of risk, including regional issues and climate change.
12:00pm - 1:30pm: Lunch
1:30pm - 2:20pm: Data Analytics "State of the Union"
Eric Weisburg, Senior Principal, Aite-Novarica
Data analytics is being used to create new capabilities within the insurance space. Insurers are improving their organizations by utilizing a more data-driven approach to decision-making. In this session, we will look at some of the ways insurers are leveraging new technologies to enhance efficiency and gain insight into new opportunities in the marketplace.
2:30pm - 3:30pm: Breakout Sessions (CHOOSE YOUR SESSION)
Data Analytics in Practice
Peter Kraynak, Insurance724
Learn how three mutual insurance companies have leveraged data analytics on a practical level for underwriting and technology personnel. We will review the business drivers, skill sets, and approach utilized through industry case studies including specific data strategies and technology.
OR
Underwriting in an Inflationary Environment
Moderated by Kevin Finn, Mutual Capital Analytics
As inflation has reared its ugly head for the first time in decades, underwriters are challenged to manage the impact to growth and profitability for both the short and long term. This session will explore the impacts that inflation is having across different lines of insurance and how underwriters are managing both the changes to exposure valuations and loss costs.
3:30pm - 4:30pm: Breakout Sessions (CHOOSE YOUR SESSION)
Automated Underwriting
Stephen Goris, VP Analytics, BizXcel
In this session, you will gain an understanding of what “Automated Underwriting” means, general guidelines for implementation, the importance of communicating a vision, developing a roadmap with well-defined goals, and how the insurance industry is using automation to gain efficiencies throughout the Underwriting Journey. The ability to elevate the Underwriting experience, better assess risk, deliver innovation, and enhance efficiencies throughout the insurance value-chain utilizing the power of automation will continue to be of paramount importance.
OR
Anytime Risk Management
Jeff Hendershot, Loss Control Engineering Director, Pennsylvania Lumbermans
Loss/Risk Control surveys play a critical role in helping insurance underwriters evaluate and price risk. Many commercial insurance companies were hindered in performing physical surveys at customers sites during the pandemic. Self-survey tools bring a solution to this problem. This presentation will look at how self-surveys can work, results from tested processes, and where the future of these programs is headed.
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