
Commercial Lines Innovation USA
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Commercial Lines Innovation USA (May 18-20) brings together 1,000+ commercial insurers to deliver a roadmap for customer-focused, analytically informed, and operationally agile commercial insurance. No other industry event filters through the personal lines players to curate a line-up focused entirely on technology and innovation for commercial lines. Our powerful combination of in-depth case studies, interactive roundtables and lively panel debates will deliver the strategic insight and granular detail you need to tackle the data challenge for commercial lines, transform inefficient operations, adapt to changing customer needs and respond to the evolving distribution landscape.
Celent Speakers:
- Karlyn Carnahan, Head of Property & Casualty Insurance
- Marty Ellingsworth, Senior Analyst, Insurance
Sessions:
18th May: Cultivate Data Enrichment To Drive Underwriting Profitability
- Leverage new sources of external data to prevent bad underwriting decisions, harness analytics to avoid over-concentration due to risks that aggregate, and improve loss ratios and expense ratios by driving a profitable portfolio that better disperses risk
- Overcome the limitations of partial or unreliable data from brokers and customers, and correlate property, credit, and hazard data from third parties to validate self-reported data, remove bias, and get a more complete picture of risk before you quote
- Harness geospatial and weather analytics through satellites and ground sensors to achieve a more granular view of risk, avoid the pitfalls of wiping out a whole zip code, and make it easier to place insurance and confidently price with robust insights
- Refine your data enrichment strategy to become a key driver of underwriting profitability, cut through the noise to establish exactly which data points help you decide whether to write or how to price, and establish sound data validation practices that combine, correlate and streamline multiple data feeds
John Horton, Chief Market Officer, AmRisc
John Lucker, EVP - Chief Strategy and Analytics Officer, Universal Fire & Casualty Insurance Company
Sandeep Haridas, VP & Sr. Manager, Digital Transformation, Liberty Mutual
Monique Hessling, Managing Director of Insurance, Cloudera
Moderator:
Marty Ellingsworth, Senior Analyst, Celent
19th May: Apply Data Insights to Drive Down Total Cost of Risk
- Leverage data to create meaningful insights, make more informed risk management decisions, find efficient use of capital and identify better markets and risk management solutions
- Learn how data can help identify the amount of limits to buy based on your exposure, industry and peer set
- Hear how data from market conditions, claims history, industry benchmark information and real-time catastrophe risk insights can help you manage your bottom line
- Be able to create an actionable data story to share with your leadership team that is personalized, efficient, simple to understand and timely – and helps protect your people, property and profits
Steve Rhee, Chief Digital Officer, Gallagher
Moderator:
Marty Ellingsworth, Senior Analyst, Celent
19th May: Build A Business-Driven Analytics Strategy For Commercial Lines
- Get ready to dispel myths around the lack of available data in commercial lines, tackle the challenge of working with historical data stored in crude and inflexible formats, and leverage technology to access, analyse, and summarise valuable information for business leaders
- Ensure you truly capture the rich swathes of data available on customers and the risks they face, and explore strategies for leveraging this data to inform business decisions that drive growth through the optimisation of products and processes
- Treat data as your biggest asset, create an insights-driven business model that propels efficiency, profitability, and client engagement, and drive cultural change by enabling an evolution from gut-based to fact-based advisory
- Explore best practice for data curation from the point of ingestion, ensure your data strategy lays the foundation for swift and sophisticated applications of automation, and wrap new capabilities around your existing legacy systems to enable plug and play connectivity with third parties
Amit Mantrow, Chief Data and Analytics Officer, Lockton
Moderator:
Marty Ellingsworth, Senior Analyst, Celent
20th May: The Hiscox Story: Building A Digital Small Business Insurer From The Ground Up
- Get the detail on Hiscox’s journey to build a digital insurer for small business customers, and explore the essential ingredients to success when grasping the opportunity to go direct
- Identify the challenges to watch out for along the way, and get a plan in place to tackle resistance to portfolio underwriting and a conservative business culture that can stifle innovation
- Understand why the experience of purchasing insurance is as important as policy wording for small business customers, and ensure your product strategy places user experience at its heart
- Leverage digital infrastructure to transform the profitability of your small commercial book, and explore how digital capabilities enable carriers and agents to deliver a better service to small business customers at scale, and for a fraction of the cost
Kevin Kerridge, EVP, Direct and Partnership Division, Hiscox USA
Moderator:
Karlyn Carnahan, Head of The Americas, Property Casualty, Celent