Altus Consulting’s Post

Thanks to our friends Altus Consulting, Mark McDonald and Eleanor Reid who did a great job working with us to create these solution snapshots spotlighting our #AI-enabled, end-to-end underwriting ecosystem for commercial and specialty insurers. Each snapshot explains how we are serving a different part of the #underwriting lifecycle with our solutions and the role of generative AI in each solution. Download the snapshots to find out how we are giving #underwriters the ability to make better decisions, faster.

‘Insurer Innovation and the Future of Fintech’ 🔮 This recent article from FinTech Magazine explores how insurtech and fintech innovations are transforming the insurance sector. From AI-driven risk assessments to seamless claims processing, the industry is rapidly evolving to enhance customer experiences and streamline operations. Parker Crockford, our CRO, shared his vision for the future of insurtech, highlighting how strategic collaborations and advanced tech are reshaping the industry, enhancing competitiveness and fostering a culture of continuous innovation. Check out the full article for more insights on the future of insurance 👉 https://lnkd.in/eWQiydMJ #Insurance #Fintech #Insurtech #AIclaims #EmbeddedInsurance

#LIC to setup #fintech arm The Digital Innovation and Value Enhancement (DIVE) project is propelling LIC's digital transformation journey. Initial focus on customer #acquisition processes and plans for a fintech arm highlight the company's commitment to innovation. The upcoming product launch in December, promising assured returns and addressing customer preferences. LIC's strategic moves signal a proactive approach in navigating the dynamic landscape of the insurance industry. #insuretech #insuranceinnovation #tech4all

“Creating a programme of change to upgrade your tech stack is expensive for any insurance business. For that reason, getting the right people around the table is important.” Our CEO Paul Williams recently shared his expertise on a panel at Insurtech Insights, Europe's largest Insurtech conference. He spoke about the challenges and opportunities when it comes to integrating AI tech into SME underwriting. You can find out more by watching back below ⬇ #InsurtechInsights #Insurtech #Fintech #SME #SMEinsurance

Join us on a journey into the world of InsurTech, where cutting-edge technology meets the age-old industry of insurance. In this video, we delve into the disruptive innovations reshaping the insurance landscape, from AI-driven underwriting to blockchain-powered claims processing. Discover how InsurTech is streamlining processes, enhancing customer experiences, and mitigating risks like never before. Whether you're an industry insider or simply curious about the future of insurance, this exploration of InsurTech is sure to enlighten and inspire. #InsurTech #InsuranceInnovation #Fintech #Technology

Today I had the opportunity to attend hyperexponential hx live event, where the main discussion was based on pricing transformation. As one of the leading insurtech in the industry hx has been at the forefront of new age pricing tools within the insurance industry. The discussion highlighted the significant impact this evolution will have on actuaries, underwriters, and IT personnel. One key insight was the opportunity for actuaries to transition into developers, showcasing the continued adaptability and flexibility required in our roles. Collaboration emerged as a crucial element, emphasizing the importance of involving underwriters and IT colleagues at every stage. Underpinning all this was the need to ensure there is proper data ecosystem and pricing ecosystem to make the transition much easier. #insurance #londonmarket #pricingtransformation #collaboration #actuaries #developers

REINSURTECH THE NEW WAVE OF INSURTECH Reinsurtech is becoming increasingly vital for reinsurance participants to remain competitive through better efficiency, cost reduction, and enhanced risk assessment. Greater analytics lead to better insights which lead to better decision-making, meaning faster responsiveness to changing market conditions. Automating manual admin greatly increases efficiency, helps to reduce errors, and improves data processing speed, enabling faster-to-market access. The reinsurtech sector is expected to continue its rapid growth, with increasing levels of investment from reinsurance companies . This will drive further innovation and the development of new products and services tailored to the unique needs of the reinsurance industry. Here's a short trip through: " INNOVATION..BETTER WAY AHEAD FOR RESHAPING AND PERFORMING REINSURANCE  UNDERWRITING & CLAIMS " Fasten YOUR SEAT BELTS AND  Let's TAKE TO THE SKIES OF REINSURANCE INNOVATION  Digital Insurance #reinsurance #reinsurtech #artificialintelligence #chatbots #granulardata #machinelearning #algorithms

Completed CFI's Introduction to InsureTech, eager to apply actuarial skills to this dynamic field. Key takeaways: Data-driven decision making: Applying analytical expertise to big data & AI for personalized policies, risk assessment, and pricing optimization. Emerging risks & coverage gaps: Designing & evaluating InsureTech solutions for challenges like climate change & the gig economy. Transforming customer experience: Shaping user-friendly & accessible insurance products with focus on customer needs & risk profiles. Open to networking & connecting with like-minded professionals shaping the future of InsureTech! #insuretech #actuary #futureofinsurance

Altus Consulting #Insurtech Snapshots shine a spotlight on technology providers offering solutions to support the #InsuranceIndustry. These are mapped against our industry reference model to provide an unbiased and comparable view. At its core, Broker Insights unlocks insights on broker placements and insurer appetite enabling brokers and insurers to work together more efficiently. Through their proprietary cloud-based product, #Broker Insights Vision™, and using multiple data points found within the solution, both brokers and insurers can harness sophisticated analytical capabilities to identify existing and new market opportunities. Download our latest Snapshot, link in the comments below ⬇️ Matt Carter I John Robertson I Peter Townsend #Insurance #SoftwareCompany #FinTech

📊 Exciting News! 📊 We're thrilled to introduce the Broker Insights Insurtech Snapshot report from Altus Consulting! This report offers valuable insights into the evolving insurtech landscape, providing an overview of our technology and highlighting Broker Insights’ core capabilities. A big thank you to the Altus team for this comprehensive analysis. We are proud to be featured and to contribute to the industry’s growth and innovation. Check out the report here: https://lnkd.in/eAEVAZhY #BrokerInsights #AltusConsulting #Insurance #IndustryTrends #Innovation #BusinessGrowth