<![CDATA[Cytora Blogcast]]>Tue, 15 Jun 2021 12:26:30 +0000Captivate.fmholly.hunter@cytora.com (Cytora)https://artwork.captivate.fm/a583b521-448a-4aae-aefc-4d4386f617e4/5ywgcuzj6wf-lezcrqf2rcn4.pngCytora BlogcastCytoraholly.hunter@cytora.comCytoraWelcome to the Cytora blogcast! We're giving you all of our great blog content in audio form, helping you learn and grow in a productive way. We'll be talking all things insurance, innovation and growth, sharing expert insight on how insurers can achieve tangible productivity gains through technology. As workloads increase and priorities shift both inside and outside of work, you can listen at a time and place that suits you, whether you’re cooking, driving, running, or anything in between. Visit our blog for more content: https://cytora.com/newsroom/blog/https://cytorablogcast.captivate.fmnoepisodicHas risk gone digital?Has risk gone digital?Sometimes asking the right questions is more important than the answer. So we were pleased to read a recent Instech London report, which asked:&nbsp; What information do insurers need when underwriting and managing their exposure to risks? How is information obtained, what is the current “state of the art”, and where are the gaps? Where in the workflow does this information and analytics fit, and how is it used within existing systems? The report considers applications mostly for property insurance. But these questions are vitally important across all mid-market commercial lines, from marine to specialty to P&amp;C.&nbsp; In this case, getting the right answer to these questions will mark the difference between the top quartile performers in commercial insurance over the next decade. So this blogcast looks at them in more detail. Sometimes asking the right questions is more important than the answer. So we were pleased to read a recent Instech London report, which asked: 

  • What information do insurers need when underwriting and managing their exposure to risks?
  • How is information obtained, what is the current “state of the art”, and where are the gaps?
  • Where in the workflow does this information and analytics fit, and how is it used within existing systems?

The report considers applications mostly for property insurance. But these questions are vitally important across all mid-market commercial lines, from marine to specialty to P&C. 

In this case, getting the right answer to these questions will mark the difference between the top quartile performers in commercial insurance over the next decade. So this blogcast looks at them in more detail.

]]>73a0c43c-0d2a-48e4-9d6a-b8c45f2d46eeTue, 15 Jun 2021 01:00:00 +010004:46nofull28Sometimes asking the right questions is more important than the answer. So we were pleased to read a recent Instech London report, which asked: What information do insurers need when underwriting and managing their exposure to risks? How is information obtained, what is the current “state of the art”, and where are the gaps? Where in the workflow does this information and analytics fit, and how is it used within existing systems? The report considers applications mostly for property insurance. But these questions are vitally important across all mid-market commercial lines, from marine to specialty to PandC. In this case, getting the right answer to these questions will mark the difference between the top quartile performers in commercial insurance over the next decade. So this blogcast looks at them in more detail.CytoraHow to close the gap between your target portfolio and frontline execution? We ask the expertsHow to close the gap between your target portfolio and frontline execution? We ask the expertsYou’ve probably heard a lot of talk about the gap that exists between underwriting strategy and frontline execution in recent months. Insurers are becoming more and more concerned about the disconnect between their target portfolio, and what’s actually happening on the underwriting frontline. Because most risks, still need to be processed manually.&nbsp; So what do the experts have to say on the issue? We asked three insurance leaders to share their views, and outline where the opportunity lies for the future. You’ve probably heard a lot of talk about the gap that exists between underwriting strategy and frontline execution in recent months. Insurers are becoming more and more concerned about the disconnect between their target portfolio, and what’s actually happening on the underwriting frontline. Because most risks, still need to be processed manually. 

So what do the experts have to say on the issue? We asked three insurance leaders to share their views, and outline where the opportunity lies for the future.

]]>83616225-547a-46ef-9057-63bd2d2a7217Wed, 09 Jun 2021 12:00:00 +010005:33nofull27You’ve probably heard a lot of talk about the gap that exists between underwriting strategy and frontline execution in recent months. Insurers are becoming more and more concerned about the disconnect between their target portfolio, and what’s actually happening on the underwriting frontline. Because most risks, still need to be processed manually. So what do the experts have to say on the issue? We asked three insurance leaders to share their views, and outline where the opportunity lies for the future.CytoraDigitise workflows to align underwriting strategy with frontline executionDigitise workflows to align underwriting strategy with frontline executionFind out how to tackle the gap between underwriting strategy and frontline execution, and how to accelerate growth by ensuring underwriters solely focus on risks that are aligned to strategy, in-appetite, and are winnable.&nbsp; Find out how to tackle the gap between underwriting strategy and frontline execution, and how to accelerate growth by ensuring underwriters solely focus on risks that are aligned to strategy, in-appetite, and are winnable. 

]]>9ce202db-613d-4778-8870-a333b4c1cd5dFri, 21 May 2021 09:00:00 +010005:35nofull26Find out how to tackle the gap between underwriting strategy and frontline execution, and how to accelerate growth by ensuring underwriters solely focus on risks that are aligned to strategy, in-appetite, and are winnable. CytoraClosing the gap with partnerships in commercial insuranceClosing the gap with partnerships in commercial insuranceTechnology and data have changed the world. We’ve all experienced that evolution in some form - when hailing a taxi, paying our bills, applying for jobs or communicating with friends and family.&nbsp; Insurance is no exception. And while there’s still some way to go in providing commercial customers a truly digital experience, we have seen great strides in data and technology to support the underwriting process.&nbsp; Accurate data can help with risk selection, fraud detection and pricing. But according to a recent Instech London and Sapiens event, data alone is not enough. Information needs to be fully integrated into the underwriting and business workflow, and be credible and validated. We recap the key themes that came from this event, and share our thoughts on building an effective partner ecosystem. Technology and data have changed the world. We’ve all experienced that evolution in some form - when hailing a taxi, paying our bills, applying for jobs or communicating with friends and family. 

Insurance is no exception. And while there’s still some way to go in providing commercial customers a truly digital experience, we have seen great strides in data and technology to support the underwriting process. 

Accurate data can help with risk selection, fraud detection and pricing. But according to a recent Instech London and Sapiens event, data alone is not enough. Information needs to be fully integrated into the underwriting and business workflow, and be credible and validated.

We recap the key themes that came from this event, and share our thoughts on building an effective partner ecosystem.


]]>39854010-9516-4237-8591-688df1ac43f2Thu, 06 May 2021 09:00:00 +010003:54nofull25Technology and data have changed the world. We’ve all experienced that evolution in some form - when hailing a taxi, paying our bills, applying for jobs or communicating with friends and family. Insurance is no exception. And while there’s still some way to go in providing commercial customers a truly digital experience, we have seen great strides in data and technology to support the underwriting process. Accurate data can help with risk selection, fraud detection and pricing. But according to a recent Instech London and Sapiens event, data alone is not enough. Information needs to be fully integrated into the underwriting and business workflow, and be credible and validated. We recap the key themes that came from this event, and share our thoughts on building an effective partner ecosystem.CytoraIn 2021, underwriting transformation is firmly on the agendaIn 2021, underwriting transformation is firmly on the agendaWhat do Lemonade, President Eisenhower and embedded insurance have in common?&nbsp; Answer: they all feature - to varying degrees - in this year’s Oxbow Partners InsurTech Impact 25 report. The fourth edition, based on six months of analysis, outlines the trends that are shaping insurance and provides three actions executives should take in the digital decade ahead. In this Blogcast, we give our perspective on one of the key trends outlined in the article – the underwriter of the future. What do Lemonade, President Eisenhower and embedded insurance have in common? 

Answer: they all feature - to varying degrees - in this year’s Oxbow Partners InsurTech Impact 25 report. The fourth edition, based on six months of analysis, outlines the trends that are shaping insurance and provides three actions executives should take in the digital decade ahead.

In this Blogcast, we give our perspective on one of the key trends outlined in the article – the underwriter of the future.

]]>bf4cf53d-274f-42a6-a7a1-db6a01f0f1f4Wed, 21 Apr 2021 09:00:00 +010005:32nofull124What do Lemonade, President Eisenhower and embedded insurance have in common? Answer: they all feature - to varying degrees - in this year’s Oxbow Partners InsurTech Impact 25 report. The fourth edition, based on six months of analysis, outlines the trends that are shaping insurance and provides three actions executives should take in the digital decade ahead. In this Blogcast, we give our perspective on one of the key trends outlined in the article – the underwriter of the future.CytoraIs incumbents vs disruptors the wrong debate in insurance?Is incumbents vs disruptors the wrong debate in insurance?There has been much debate in recent years about the winners and losers in commercial insurance - which was the topic of debate at the latest TLA insurtech working group. Here, we recap learnings about the changes in commercial insurance today, where to find the real potential for disruption, and how innovators are engaging with incumbents to change existing business models.&nbsp; You can read Juan's blog in full on the Cytora website. There has been much debate in recent years about the winners and losers in commercial insurance - which was the topic of debate at the latest TLA insurtech working group.

Here, we recap learnings about the changes in commercial insurance today, where to find the real potential for disruption, and how innovators are engaging with incumbents to change existing business models. 

You can read Juan's blog in full on the Cytora website.

]]>28f3ad3e-bc01-4a4e-a277-19bd0db91ee9Wed, 07 Apr 2021 09:00:00 +010006:18nofullThere has been much debate in recent years about the winners and losers in commercial insurance - which was the topic of debate at the latest TLA insurtech working group. Here, we recap learnings about the changes in commercial insurance today, where to find the real potential for disruption, and how innovators are engaging with incumbents to change existing business models. You can read Juan's blog in full on the Cytora website.CytoraWhy time and choice are key to employee wellnessWhy time and choice are key to employee wellnessAt Cytora, we spent some time understanding how to ensure people have the best possible opportunity to practice self-care and focus on their own mental and physical wellbeing in today's new world of work. We share our learnings with you in the latest blogcast. You can read Holly's original blog in full on the Cytora website. At Cytora, we spent some time understanding how to ensure people have the best possible opportunity to practice self-care and focus on their own mental and physical wellbeing in today's new world of work.

We share our learnings with you in the latest blogcast.

You can read Holly's original blog in full on the Cytora website.

]]>d57adaf0-5c54-49b5-b62b-f164c53ed4deWed, 31 Mar 2021 09:00:00 +010005:28nofullAt Cytora, we spent some time understanding how to ensure people have the best possible opportunity to practice self-care and focus on their own mental and physical wellbeing in today's new world of work. We share our learnings with you in the latest blogcast. You can read Holly's original blog in full on the Cytora website.CytoraWomen in insurance: a discussion on diversityWomen in insurance: a discussion on diversityTo coincide with this year's International Women's Day, Cytora's Kyrsten McCartney spoke to Insurance Times about diversity and inclusion in insurance. Here, she tells us why a diverse workforce is so important in the industry and outlines how insurers can actively support people from different backgrounds to drive a more relevant and effective output. You can read Kyrsten's blog in full on the Cytora website. To coincide with this year's International Women's Day, Cytora's Kyrsten McCartney spoke to Insurance Times about diversity and inclusion in insurance.

Here, she tells us why a diverse workforce is so important in the industry and outlines how insurers can actively support people from different backgrounds to drive a more relevant and effective output.

You can read Kyrsten's blog in full on the Cytora website.

]]>8c314177-ef91-40e3-998d-4a867214abc9Thu, 25 Mar 2021 09:00:00 +010002:54nofullTo coincide with this year's International Women's Day, Cytora's Kyrsten McCartney spoke to Insurance Times about diversity and inclusion in insurance. Here, she tells us why a diverse workforce is so important in the industry and outlines how insurers can actively support people from different backgrounds to drive a more relevant and effective output. You can read Kyrsten's blog in full on the Cytora website.CytoraGetting savvy with digital platforms as commercial insurance prices increaseGetting savvy with digital platforms as commercial insurance prices increaseAs we closed out 2020, global commercial insurers saw yet another round of price increases, according to reports from Marsh and WTW. And the findings reveal more fundamental issues being faced by the market today.&nbsp; Cytora's Richard Hartley explains how in today's environment, smart insurers can generate a significant volume of profitable new business by using platforms to digitise submissions and renewals. You can read Richard's blog in full on the Cytora website. As we closed out 2020, global commercial insurers saw yet another round of price increases, according to reports from Marsh and WTW. And the findings reveal more fundamental issues being faced by the market today. 

Cytora's Richard Hartley explains how in today's environment, smart insurers can generate a significant volume of profitable new business by using platforms to digitise submissions and renewals.

You can read Richard's blog in full on the Cytora website.

]]>e7c43284-aae4-4703-9e13-4f2abf43e7f6Fri, 19 Mar 2021 09:00:00 +010003:09nofullAs we closed out 2020, global commercial insurers saw yet another round of price increases, according to reports from Marsh and WTW. And the findings reveal more fundamental issues being faced by the market today. Cytora's Richard Hartley explains how in today's environment, smart insurers can generate a significant volume of profitable new business by using platforms to digitise submissions and renewals. You can read Richard's blog in full on the Cytora website.CytoraOne year on: Remote-first foreverOne year on: Remote-first foreverThere's a great irony that for all the flexibility that remote working has given us, many people around the world have been unable to leave the house due to Lockdown. But that hasn’t stopped us from seeing the benefits that remote work brings and learning from our experiences so far. Cytora's Tom Coward explains why we made the permanent move to remote-first, the impact we've seen to date and learnings from implementation so far. You can read Tom's blog in full on the Cytora website. There's a great irony that for all the flexibility that remote working has given us, many people around the world have been unable to leave the house due to Lockdown.

But that hasn’t stopped us from seeing the benefits that remote work brings and learning from our experiences so far.

Cytora's Tom Coward explains why we made the permanent move to remote-first, the impact we've seen to date and learnings from implementation so far.

You can read Tom's blog in full on the Cytora website.

]]>a4a1f376-0a8e-44c8-9484-d8c178d715e9Thu, 11 Mar 2021 09:00:00 +010006:14nofullThere's a great irony that for all the flexibility that remote working has given us, many people around the world have been unable to leave the house due to Lockdown. But that hasn’t stopped us from seeing the benefits that remote work brings and learning from our experiences so far. Cytora's Tom Coward explains why we made the permanent move to remote-first, the impact we've seen to date and learnings from implementation so far. You can read Tom's blog in full on the Cytora website.CytoraWelcoming Thomas Huerlimann to Cytora’s advisory boardWelcoming Thomas Huerlimann to Cytora’s advisory boardThomas Huerlimann is one of the most influential names in global (re)insurance and technology today. That’s why we’re delighted to announce that Thomas is joining Cytora’s advisory board, bringing 30 years of experience to support us with our ambitious growth plans.&nbsp; With such depth of experience, we asked Thomas to explain where the opportunity lies for commercial insurers today. Hint: it’s all about the customer.&nbsp; Listen to the blogcast or read the blog in full on the Cytora website. Thomas Huerlimann is one of the most influential names in global (re)insurance and technology today. That’s why we’re delighted to announce that Thomas is joining Cytora’s advisory board, bringing 30 years of experience to support us with our ambitious growth plans. 

With such depth of experience, we asked Thomas to explain where the opportunity lies for commercial insurers today. Hint: it’s all about the customer. 

Listen to the blogcast or read the blog in full on the Cytora website.

]]>85ca9cac-f14f-43d0-b9ea-37422a9e4c92Wed, 03 Mar 2021 09:00:00 +010002:58nofullThomas Huerlimann is one of the most influential names in global (re)insurance and technology today. That’s why we’re delighted to announce that Thomas is joining Cytora’s advisory board, bringing 30 years of experience to support us with our ambitious growth plans. With such depth of experience, we asked Thomas to explain where the opportunity lies for commercial insurers today. Hint: it’s all about the customer. Listen to the blogcast or read the blog in full on the Cytora website.CytoraThe automation game: three experts explain how to make underwriting profits soar.The automation game: three experts explain how to make underwriting profits soar.Cytora's Juan de Castro spoke on a recent event on how to accelerate underwriting profitability through automation, alongside experts from Prudential International and Liberty Mutual Insurance.&nbsp; Here, we share key takeaways from that panel, with insights across large commercial, mid-market and life/health insurance. You can read Juan's blog in full on the Cytora website. Cytora's Juan de Castro spoke on a recent event on how to accelerate underwriting profitability through automation, alongside experts from Prudential International and Liberty Mutual Insurance. 

Here, we share key takeaways from that panel, with insights across large commercial, mid-market and life/health insurance.

You can read Juan's blog in full on the Cytora website.

]]>057ae551-ef28-4fb3-83fa-c200e150c801Fri, 26 Feb 2021 09:00:00 +010010:58nofullCytora's Juan de Castro spoke on a recent event on how to accelerate underwriting profitability through automation, alongside experts from Prudential International and Liberty Mutual Insurance. Here, we share key takeaways from that panel, with insights across large commercial, mid-market and life/health insurance. You can read Juan's blog in full on the Cytora website.CytoraDoes the digital streaming of risk really solve the underwriting productivity problem?Does the digital streaming of risk really solve the underwriting productivity problem?Today, insurance faces an agonising productivity problem, and we don’t seem to be getting any closer to solving it. Operational costs continue to rise, the industry as a whole is in the red by average economic profit, and overall productivity hasn’t increased in the last ten years. But what if there was a way for insurers to increase the number of profitable policies bound, without having to add any additional underwriting capacity?&nbsp; The good news is, it’s not just speculation. It’s now possible using technology that can digitally stream risk.&nbsp;Cytora's Max Pepe explains all in our latest blogcast. You can read Max's blog in full on the Cytora website. Today, insurance faces an agonising productivity problem, and we don’t seem to be getting any closer to solving it. Operational costs continue to rise, the industry as a whole is in the red by average economic profit, and overall productivity hasn’t increased in the last ten years.

But what if there was a way for insurers to increase the number of profitable policies bound, without having to add any additional underwriting capacity? 

The good news is, it’s not just speculation. It’s now possible using technology that can digitally stream risk. Cytora's Max Pepe explains all in our latest blogcast.

You can read Max's blog in full on the Cytora website.

]]>5debace1-b2ab-4e51-b7ee-2de1b37b8623Thu, 18 Feb 2021 09:00:00 +010007:29nofullToday, insurance faces an agonising productivity problem, and we don’t seem to be getting any closer to solving it. Operational costs continue to rise, the industry as a whole is in the red by average economic profit, and overall productivity hasn’t increased in the last ten years. But what if there was a way for insurers to increase the number of profitable policies bound, without having to add any additional underwriting capacity? The good news is, it’s not just speculation. It’s now possible using technology that can digitally stream risk. Cytora's Max Pepe explains all in our latest blogcast. You can read Max's blog in full on the Cytora website.CytoraFive things we learnt about digital innovation in commercial lines this weekFive things we learnt about digital innovation in commercial lines this weekKnowledge is power. Information is beautiful. And commercial insurance is ripe for transformation.&nbsp; These three aphorisms can all be applied to recent research from Intelligent Insurer, which surveyed 300+ commercial insurers to see which technologies they are investing in, which functional areas are most impacted by tech, and which lines of business stand to benefit most.&nbsp; Here, we outline our top five findings from the research. You can read the blog in full and download the infographic on the Cytora website. Knowledge is power. Information is beautiful. And commercial insurance is ripe for transformation. 

These three aphorisms can all be applied to recent research from Intelligent Insurer, which surveyed 300+ commercial insurers to see which technologies they are investing in, which functional areas are most impacted by tech, and which lines of business stand to benefit most. 

Here, we outline our top five findings from the research.

You can read the blog in full and download the infographic on the Cytora website.

]]>2dcebf1c-8ce5-4be6-996f-2ff6747faadcThu, 11 Feb 2021 09:00:00 +010007:36nofullKnowledge is power. Information is beautiful. And commercial insurance is ripe for transformation. These three aphorisms can all be applied to recent research from Intelligent Insurer, which surveyed 300+ commercial insurers to see which technologies they are investing in, which functional areas are most impacted by tech, and which lines of business stand to benefit most. Here, we outline our top five findings from the research. You can read the blog in full and download the infographic on the Cytora website.CytoraMeet Kelly Lyles: Insurance leader and the newest member of Cytora's advisory boardMeet Kelly Lyles: Insurance leader and the newest member of Cytora's advisory boardIt’s often said that when we surround ourselves with great people, they challenge us to be our best selves. We’re delighted to be welcoming one of these great people to Cytora, as Kelly Lyles - former Chief Executive, Client and Country Management at AXA XL - becomes the newest member of our advisory board.&nbsp; We had the pleasure of speaking to Kelly about her career to date, the challenges facing underwriting teams and CUOs today, along with the impact of technology across the insurance value chain. You can also read the Q&amp;A on the Cytora website. It’s often said that when we surround ourselves with great people, they challenge us to be our best selves. We’re delighted to be welcoming one of these great people to Cytora, as Kelly Lyles - former Chief Executive, Client and Country Management at AXA XL - becomes the newest member of our advisory board. 

We had the pleasure of speaking to Kelly about her career to date, the challenges facing underwriting teams and CUOs today, along with the impact of technology across the insurance value chain.

You can also read the Q&A on the Cytora website.

]]>28d3320e-1ae2-42c8-b5a2-e09246defc0aWed, 03 Feb 2021 09:00:00 +010011:23nofullIt’s often said that when we surround ourselves with great people, they challenge us to be our best selves. We’re delighted to be welcoming one of these great people to Cytora, as Kelly Lyles - former Chief Executive, Client and Country Management at AXA XL - becomes the newest member of our advisory board. We had the pleasure of speaking to Kelly about her career to date, the challenges facing underwriting teams and CUOs today, along with the impact of technology across the insurance value chain. You can also read the QandA on the Cytora website.CytoraPart three: What are insurance experts predicting for 2021?Part three: What are insurance experts predicting for 2021?Welcome to the third and final piece in our industry predictions series for 2021.&nbsp; In previous posts, you heard from ten experts about what the future holds for insurance in the coming year. In this third part, five more experts tell us what’s to come this year in insurance and technology, with contributions from:&nbsp; Thomas Huerlimann, Non-executive Director at Hiscox, former CEO of Zurich Global Corporate Richard Hartley, CEO, Cytora&nbsp; John Andrews, former Head of Delegated Authority &amp; MGA Underwriting, Dale Underwriting Partners, former Head of Property, Arch Insurance Matthew Grant, Partner, Instech London Kelly Lyles, former Chief Executive, Client and Country Management at AXA XL You can read the blog in full on the Cytora website. Welcome to the third and final piece in our industry predictions series for 2021. 

In previous posts, you heard from ten experts about what the future holds for insurance in the coming year. In this third part, five more experts tell us what’s to come this year in insurance and technology, with contributions from: 

  • Thomas Huerlimann, Non-executive Director at Hiscox, former CEO of Zurich Global Corporate
  • Richard Hartley, CEO, Cytora 
  • John Andrews, former Head of Delegated Authority & MGA Underwriting, Dale Underwriting Partners, former Head of Property, Arch Insurance
  • Matthew Grant, Partner, Instech London
  • Kelly Lyles, former Chief Executive, Client and Country Management at AXA XL

You can read the blog in full on the Cytora website.

]]>e18876b6-9b71-46ea-b263-4eea3efb8789Tue, 26 Jan 2021 09:00:00 +010008:44nofullWelcome to the third and final piece in our industry predictions series for 2021. In previous posts, you heard from ten experts about what the future holds for insurance in the coming year. In this third part, five more experts tell us what’s to come this year in insurance and technology, with contributions from: Thomas Huerlimann, Non-executive Director at Hiscox, former CEO of Zurich Global Corporate Richard Hartley, CEO, Cytora John Andrews, former Head of Delegated Authority and MGA Underwriting, Dale Underwriting Partners, former Head of Property, Arch Insurance Matthew Grant, Partner, Instech London Kelly Lyles, former Chief Executive, Client and Country Management at AXA XL You can read the blog in full on the Cytora website.CytoraPart two: What are insurance experts predicting for 2021?Part two: What are insurance experts predicting for 2021?Welcome back to the latest in our series on what the future holds for insurance in 2021.&nbsp; In this second part, we hear from five more experts about what’s to come this year in insurance and technology, with contributions from:&nbsp; James Orchard, CEO, QBE Ventures Farooq Hanif, Head of Insurance Equity Research, Credit Suisse&nbsp; Annabel Venner, former CMO, Hiscox&nbsp;&nbsp; William Hawkins, Director of Research - Europe, Keefe, Bruyette &amp; Woods Sherdin Omar, Pricing &amp; Analytics Consultant You can read the blog in full on the Cytora website. Watch this space for part three, coming soon! Welcome back to the latest in our series on what the future holds for insurance in 2021. 

In this second part, we hear from five more experts about what’s to come this year in insurance and technology, with contributions from: 

  • James Orchard, CEO, QBE Ventures
  • Farooq Hanif, Head of Insurance Equity Research, Credit Suisse 
  • Annabel Venner, former CMO, Hiscox  
  • William Hawkins, Director of Research - Europe, Keefe, Bruyette & Woods
  • Sherdin Omar, Pricing & Analytics Consultant

You can read the blog in full on the Cytora website.

Watch this space for part three, coming soon!

]]>cc62db7c-7d7f-4d7c-ab62-2169555461d6Wed, 20 Jan 2021 09:00:00 +010007:36nofullWelcome back to the latest in our series on what the future holds for insurance in 2021. In this second part, we hear from five more experts about what’s to come this year in insurance and technology, with contributions from: James Orchard, CEO, QBE Ventures Farooq Hanif, Head of Insurance Equity Research, Credit Suisse Annabel Venner, former CMO, Hiscox William Hawkins, Director of Research - Europe, Keefe, Bruyette and Woods Sherdin Omar, Pricing and Analytics Consultant You can read the blog in full on the Cytora website. Watch this space for part three, coming soon!CytoraPart one: What are insurance experts predicting for 2021?Part one: What are insurance experts predicting for 2021?As we move into a new calendar year, it’s normal procedure to reflect on the previous twelve months and anticipate how industries and technologies will evolve in the coming year.&nbsp; But the year 2020 was unlike any other. And normal procedures no longer apply.&nbsp; So what do the experts believe the future holds for insurance? We’ve asked five industry pros for their views on what’s to come in 2021 and beyond. In the first blogcast of the series, we hear from: James York, Co-Chair, Insurtech UK&nbsp; Paolo Cuomo, Director of Operations, Brit Insurance Adrian Brown, former COO at the Ardonagh Group, former CEO at RSA Conor Finn, insurance consultant, former Head of Property, Antares Underwriting Kyrsten McCartney, Product Design and Research Manager, Cytora You can read the blog in full on the Cytora website. As we move into a new calendar year, it’s normal procedure to reflect on the previous twelve months and anticipate how industries and technologies will evolve in the coming year. 

But the year 2020 was unlike any other. And normal procedures no longer apply. 

So what do the experts believe the future holds for insurance? We’ve asked five industry pros for their views on what’s to come in 2021 and beyond. In the first blogcast of the series, we hear from:

  • James York, Co-Chair, Insurtech UK 
  • Paolo Cuomo, Director of Operations, Brit Insurance
  • Adrian Brown, former COO at the Ardonagh Group, former CEO at RSA
  • Conor Finn, insurance consultant, former Head of Property, Antares Underwriting
  • Kyrsten McCartney, Product Design and Research Manager, Cytora

You can read the blog in full on the Cytora website.

]]>e08f0b42-5543-4a46-9aa1-a4a93dbb82e4Wed, 13 Jan 2021 09:00:00 +010008:24nofullAs we move into a new calendar year, it’s normal procedure to reflect on the previous twelve months and anticipate how industries and technologies will evolve in the coming year. But the year 2020 was unlike any other. And normal procedures no longer apply. So what do the experts believe the future holds for insurance? We’ve asked five industry pros for their views on what’s to come in 2021 and beyond. In the first blogcast of the series, we hear from: James York, Co-Chair, Insurtech UK Paolo Cuomo, Director of Operations, Brit Insurance Adrian Brown, former COO at the Ardonagh Group, former CEO at RSA Conor Finn, insurance consultant, former Head of Property, Antares Underwriting Kyrsten McCartney, Product Design and Research Manager, Cytora You can read the blog in full on the Cytora website.CytoraBuilding a bionic underwriting team: it’s no longer science fictionBuilding a bionic underwriting team: it’s no longer science fictionMore so than ever, productivity and growth are well and truly under the microscope in insurance.&nbsp; With employees all over the world now working remotely, important questions have emerged among leadership teams around how to maintain pre-pandemic levels of productivity - and how to win in an increasingly competitive market. In a recent Insurtech Insights webinar, Cytora's Juan de Castro explored this in detail alongside experts from AIG and Descartes Underwriting. By implementing AI and building a bionic team today, you could gift underwriters the capacity to focus on the tasks that can drive real value and set insurers up for future success.&nbsp; You can read Juan's blog in full on the Cytora website. More so than ever, productivity and growth are well and truly under the microscope in insurance. 

With employees all over the world now working remotely, important questions have emerged among leadership teams around how to maintain pre-pandemic levels of productivity - and how to win in an increasingly competitive market.

In a recent Insurtech Insights webinar, Cytora's Juan de Castro explored this in detail alongside experts from AIG and Descartes Underwriting. By implementing AI and building a bionic team today, you could gift underwriters the capacity to focus on the tasks that can drive real value and set insurers up for future success. 

You can read Juan's blog in full on the Cytora website.

]]>f827e85d-d2d5-42e7-b09e-f92f96803cf3Wed, 23 Dec 2020 09:00:00 +010008:28nofullMore so than ever, productivity and growth are well and truly under the microscope in insurance. With employees all over the world now working remotely, important questions have emerged among leadership teams around how to maintain pre-pandemic levels of productivity - and how to win in an increasingly competitive market. In a recent Insurtech Insights webinar, Cytora's Juan de Castro explored this in detail alongside experts from AIG and Descartes Underwriting. By implementing AI and building a bionic team today, you could gift underwriters the capacity to focus on the tasks that can drive real value and set insurers up for future success. You can read Juan's blog in full on the Cytora website.CytoraDoes your CRM hold the secret to underwriting profitability?Does your CRM hold the secret to underwriting profitability?Customer Relationship Management systems are commonplace in insurance. And according to Cytora's Emma McGovern, they are an excellent source of untapped growth. Emma explains how insurers can use CRMs to process and prioritise high value opportunities, while flagging opportunities that are out of appetite, or deemed lower value based on underwriting strategy. You can read Emma's blog in full on the Cytora website. Customer Relationship Management systems are commonplace in insurance. And according to Cytora's Emma McGovern, they are an excellent source of untapped growth.

Emma explains how insurers can use CRMs to process and prioritise high value opportunities, while flagging opportunities that are out of appetite, or deemed lower value based on underwriting strategy.

You can read Emma's blog in full on the Cytora website.

]]>733fc86c-ee09-4aa8-b475-1e69908a3feaWed, 16 Dec 2020 09:00:00 +010006:50nofullCustomer Relationship Management systems are commonplace in insurance. And according to Cytora's Emma McGovern, they are an excellent source of untapped growth. Emma explains how insurers can use CRMs to process and prioritise high value opportunities, while flagging opportunities that are out of appetite, or deemed lower value based on underwriting strategy. You can read Emma's blog in full on the Cytora website.CytoraThree ways to capture opportunities in a hardening marketThree ways to capture opportunities in a hardening marketWith the emergence of a hard market this year, insurers need to capitalise on the superior returns available. That means winning and retaining business, while building a portfolio that creates real value for their company. But today underwriters only get to spend a minority of their time really driving this forward. And as a result, there’s never been a more important time for insurers to take action and enable their underwriters to reach their full potential. Cytora's Dan McNally outlines three ways underwriters can win more valuable business and make better decisions to maximise today's market. You can read Dan's blog in full on the Cytora website. With the emergence of a hard market this year, insurers need to capitalise on the superior returns available. That means winning and retaining business, while building a portfolio that creates real value for their company.

But today underwriters only get to spend a minority of their time really driving this forward. And as a result, there’s never been a more important time for insurers to take action and enable their underwriters to reach their full potential.

Cytora's Dan McNally outlines three ways underwriters can win more valuable business and make better decisions to maximise today's market.

You can read Dan's blog in full on the Cytora website.

]]>c22f6e01-8aa5-43ac-9fbf-3f0e0f5480c2Tue, 08 Dec 2020 09:00:00 +010008:11nofullWith the emergence of a hard market this year, insurers need to capitalise on the superior returns available. That means winning and retaining business, while building a portfolio that creates real value for their company. But today underwriters only get to spend a minority of their time really driving this forward. And as a result, there’s never been a more important time for insurers to take action and enable their underwriters to reach their full potential. Cytora's Dan McNally outlines three ways underwriters can win more valuable business and make better decisions to maximise today's market. You can read Dan's blog in full on the Cytora website.CytoraHow to win more business by prioritising broker submissionsHow to win more business by prioritising broker submissionsAccording to Cytora's Andrea Camacho, your underwriting teams are currently leaving over 20% of premium on the table - and you probably don’t even know it. In this blogcast, we hear about the 'prioritisation paradox', and how prioritising submissions can instantly increase an insurer's premium, profit and client lifetime value. You can read Andrea's blog in full on the Cytora website. According to Cytora's Andrea Camacho, your underwriting teams are currently leaving over 20% of premium on the table - and you probably don’t even know it.

In this blogcast, we hear about the 'prioritisation paradox', and how prioritising submissions can instantly increase an insurer's premium, profit and client lifetime value.

You can read Andrea's blog in full on the Cytora website.

]]>7723091d-b3c2-45c2-b7d7-88c89532b893Wed, 02 Dec 2020 09:00:00 +010005:58nofullAccording to Cytora's Andrea Camacho, your underwriting teams are currently leaving over 20% of premium on the table - and you probably don’t even know it. In this blogcast, we hear about the 'prioritisation paradox', and how prioritising submissions can instantly increase an insurer's premium, profit and client lifetime value. You can read Andrea's blog in full on the Cytora website.CytoraSay goodbye to scattergun submissions: A win-win for insurers and their customersSay goodbye to scattergun submissions: A win-win for insurers and their customersAccording to Adrian Brown, former COO at the Ardonagh Group and former CEO at RSA, insurers must use the opportunity of a hard market to make business more productive. Adrian outlines the tools and techniques to make a scattergun approach to quoting submissions a thing of the past. Out-of-appetite quotes can be quickly rejected without human intervention – allowing the broker plenty of time to find alternatives and the insurer to deal only with quotes they really want to win.&nbsp;&nbsp; In this blogcast, you'll find out how embracing the technology available today can be a win-win for both insurers and their customers.&nbsp; To read Adrian's original blog, visit the Cytora website. According to Adrian Brown, former COO at the Ardonagh Group and former CEO at RSA, insurers must use the opportunity of a hard market to make business more productive.

Adrian outlines the tools and techniques to make a scattergun approach to quoting submissions a thing of the past. Out-of-appetite quotes can be quickly rejected without human intervention – allowing the broker plenty of time to find alternatives and the insurer to deal only with quotes they really want to win.  

In this blogcast, you'll find out how embracing the technology available today can be a win-win for both insurers and their customers. 

To read Adrian's original blog, visit the Cytora website.

]]>293aac06-f91f-44c5-9cdd-bd5f1f251a66Thu, 26 Nov 2020 09:00:00 +010005:17nofullAccording to Adrian Brown, former COO at the Ardonagh Group and former CEO at RSA, insurers must use the opportunity of a hard market to make business more productive. Adrian outlines the tools and techniques to make a scattergun approach to quoting submissions a thing of the past. Out-of-appetite quotes can be quickly rejected without human intervention – allowing the broker plenty of time to find alternatives and the insurer to deal only with quotes they really want to win. In this blogcast, you'll find out how embracing the technology available today can be a win-win for both insurers and their customers. To read Adrian's original blog, visit the Cytora website.CytoraMore data equals more profit in insurance: true or false?More data equals more profit in insurance: true or false?Does data equal more profit in insurance? That's the question in today's blogcast, being answered by Cytora's Matthew Churchill. He explains how augmented underwriting processes can make insurers more effective, more profitable and more prepared for the future. You can read Matthew's blog in full on the Cytora website. Does data equal more profit in insurance? That's the question in today's blogcast, being answered by Cytora's Matthew Churchill. He explains how augmented underwriting processes can make insurers more effective, more profitable and more prepared for the future.

You can read Matthew's blog in full on the Cytora website.

]]>81283f5a-3440-4df2-a7cb-57e4f74de9d0Fri, 20 Nov 2020 09:00:00 +010005:26nofullDoes data equal more profit in insurance? That's the question in today's blogcast, being answered by Cytora's Matthew Churchill. He explains how augmented underwriting processes can make insurers more effective, more profitable and more prepared for the future. You can read Matthew's blog in full on the Cytora website.CytoraAugment, filter, prioritise: the pillars of binding more profitable premiumAugment, filter, prioritise: the pillars of binding more profitable premiumAugment, Filter and Prioritise are technology-powered operations that insurers run on their risk intake ahead of any scarce underwriting time being expended. In this blogcast, Cytora CEO Richard Hartley explains how insurers can use these three pillars to improve the cost of driving growth, and increase the ratio of profitable risks bound without adding additional expenses. You can read Richard's original blog in full on the Cytora website. Augment, Filter and Prioritise are technology-powered operations that insurers run on their risk intake ahead of any scarce underwriting time being expended.

In this blogcast, Cytora CEO Richard Hartley explains how insurers can use these three pillars to improve the cost of driving growth, and increase the ratio of profitable risks bound without adding additional expenses.

You can read Richard's original blog in full on the Cytora website.

]]>06133882-b77f-4af3-bf31-fbb27e1890ceMon, 16 Nov 2020 09:00:00 +010007:56nofullAugment, Filter and Prioritise are technology-powered operations that insurers run on their risk intake ahead of any scarce underwriting time being expended. In this blogcast, Cytora CEO Richard Hartley explains how insurers can use these three pillars to improve the cost of driving growth, and increase the ratio of profitable risks bound without adding additional expenses. You can read Richard's original blog in full on the Cytora website.CytoraIs it really possible to achieve both top and bottom line targets in underwriting?Is it really possible to achieve both top and bottom line targets in underwriting?In this blogcast, we explore&nbsp;the underwriter paradox: To protect the bottom line, underwriters need to spend time analysing every risk, which hinders their ability to drive top-line growth. Cytora’s Juan de Castro believes we should stop asking underwriters to work in this factory-like way. He explains how, by overcoming this, insurers can achieve both top line growth and bottom line profitability. You can read Juan's original blog in full on the Cytora website. In this blogcast, we explore the underwriter paradox: To protect the bottom line, underwriters need to spend time analysing every risk, which hinders their ability to drive top-line growth.

Cytora’s Juan de Castro believes we should stop asking underwriters to work in this factory-like way. He explains how, by overcoming this, insurers can achieve both top line growth and bottom line profitability.

You can read Juan's original blog in full on the Cytora website.

]]>bf8603de-d573-4527-b8b6-331ef08893f8Wed, 11 Nov 2020 12:15:00 +010005:18nofullIn this blogcast, we explore the underwriter paradox: To protect the bottom line, underwriters need to spend time analysing every risk, which hinders their ability to drive top-line growth. Cytora’s Juan de Castro believes we should stop asking underwriters to work in this factory-like way. He explains how, by overcoming this, insurers can achieve both top line growth and bottom line profitability. You can read Juan's original blog in full on the Cytora website.CytoraThree ways to break the relationship between premium growth and costs in the mid-marketThree ways to break the relationship between premium growth and costs in the mid-marketWe recently spoke at this year’s virtual ITC Global event, where we shared insight on how commercial insurers can drive growth in a Covid world through underwriting productivity.&nbsp; In our latest blogcast, we bring you the key points from our ITC presentation, sharing the three interventions that insurers can take today to drive productivity and take advantage of the market. You'll hear how these actions can break the closely coupled relationship between premium growth and cost, in turn driving productivity-led growth in mid-market commercial insurance. We recently spoke at this year’s virtual ITC Global event, where we shared insight on how commercial insurers can drive growth in a Covid world through underwriting productivity. 

In our latest blogcast, we bring you the key points from our ITC presentation, sharing the three interventions that insurers can take today to drive productivity and take advantage of the market.

You'll hear how these actions can break the closely coupled relationship between premium growth and cost, in turn driving productivity-led growth in mid-market commercial insurance.

]]>99657235-9140-465e-83f4-2228375f6dedThu, 05 Nov 2020 09:00:00 +010008:37nofullWe recently spoke at this year’s virtual ITC Global event, where we shared insight on how commercial insurers can drive growth in a Covid world through underwriting productivity. In our latest blogcast, we bring you the key points from our ITC presentation, sharing the three interventions that insurers can take today to drive productivity and take advantage of the market. You'll hear how these actions can break the closely coupled relationship between premium growth and cost, in turn driving productivity-led growth in mid-market commercial insurance.CytoraThe Insurance Imperative: why productivity should be top of your priority listThe Insurance Imperative: why productivity should be top of your priority listProductivity is an essential ingredient for success in insurance today, according to Cytora CEO Richard Hartley. In this blogcast, we explore: How improved productivity has boosted profitability in industries like banking and mortgage lending The peculiarities that has made progress difficult in insurance The advantage for the insurers that are successful in driving more premium at the same cost. Productivity is an essential ingredient for success in insurance today, according to Cytora CEO Richard Hartley.

In this blogcast, we explore:

  • How improved productivity has boosted profitability in industries like banking and mortgage lending
  • The peculiarities that has made progress difficult in insurance
  • The advantage for the insurers that are successful in driving more premium at the same cost.
]]>5a162546-cac0-480b-8e20-95acfb81ff29Thu, 29 Oct 2020 09:00:00 +010008:35nofullProductivity is an essential ingredient for success in insurance today, according to Cytora CEO Richard Hartley. In this blogcast, we explore how improved productivity has boosted profitability in industries like banking and mortgage lending; the peculiarities that has made progress difficult in insurance; and the advantage for the insurers that are successful in driving more premium at the same cost. You can read the original blog in full on the Cytora website.Cytora