Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced it is participating at the InsurTech Silicon Valley Summit being held March 29 – 30 in San Francisco and hosted by Silicon Valley Insurance Accelerator (SVIA). DMS senior vice president Carson York will participate on a panel with other industry executives to discuss changes in underwriting norms.
The Summit’s focus will be on Core Systems & InsurTech Fusion and offers both business and IT executives the opportunity to learn and network with leading innovators across the insurance and tech industries, with a unique focus on how InsurTech is transforming core systems strategies.
InsurTech is rapidly changing the status quo business models within insurers, and is also having a significant impact on the competitive landscape. Themes at this year’s Summit include a roadmap for next generation core systems transformation, how to compete in the new digital insurance realm, the impact of big data on claims and fraud detection, and business strategies that will enable insurers to accelerate rapid product innovation and development.
A panel of first movers in the industry, innovators and experts will explore how InsurTech is changing the underwriting norms in a session titled “The New Digital Underwriting – Automated, Predictive, & Real Time” on day one of the Summit, Wednesday, March 29 at 3:55 p.m. Insurers seeking to gain an advantage and remain competitive must find ways to improve the increasingly data-driven underwriting function and the technology that supports it. These improvements will be influenced and driven in part by the vast amounts of data generated by the Internet of Things (IoT), as well as real-time analytics. This session will explore how insurers should develop an innovation and transformation strategy to address the emerging realm of digital risk and underwriting processes.
“I look forward to sharing some relevant insights during the session,” said Carson York, DMS senior vice president. “Those attending should leave with a better understanding of the technology that will empower their underwriters, and make them better equipped to implement risk management while meeting the ever growing needs of the digital consumer. The accelerated speed of technical change has enhanced the risk of adverse selection for those who lag behind.”
“We’re looking forward to having DMS participate with us at the Summit, said Natalie L. Wood, chief operating officer of SVIA and co-founder and chair of the InsurTech Silicon Valley Summit. “DMS will be speaking on a panel during the event because of some of the innovative work they’ve done with insurers in the delivery of real-time data for underwriting and fraud.”
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.