Insurance carriers that continue to focus on what they used to do will miss the opportunity to successfully grow their brand in the future. They need to pragmatically look at what they need to do to respond to the market if they want to be successful.”
Watch this video to hear Brad Middleton, Director of Pricing and Rating at Deloitte Canada, describe his view of the insurance industry today.
Taken from a session at the recent Earnix Excelerate Summit, Middleton talks about the biggest challenges the insurance industry faces today as well as his recommendations for carriers looking to improve now.
In the video, Middleton also describes how the right technology will play an important role. “With more tightly coupled pricing solutions, insurers will be able to bridge existing gaps to quickly take the sophistication they’ve built into their models and quickly deploy them into their production rating environment and realize impressive new gains.”
These are just a few highlights. To learn more, please watch the full video now