Shoring up the Bottom Line: Insurers Prioritize Profitability Over Growth
As global P&C insurers continue to face lingering economic conditions and challenging markets, many are now focused on profitability instead of growth. Innovative new technologies can help insurers increase profitability in uncertain times like these.
ITC 2023: AI and Analytics: The Landscape
David Howland, Chief Marketing Officer at Earnix, shares valuable insights on Artificial Intelligence (AI) and Analytics for transformative business outcomes. He delves into 5 key learnings that every insurance carrier should closely pay attention to.
ITC 2023: Change Management in Insurance
Ruth Fisk, Head of Business Development at Earnix, moderates a panel discussing how carriers can define, predict, benchmark, measure, track, and report on the ROI and impact of change management.
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ITC 2023: Innovation at Speed
Will Murphy, VP Technology Solutions Alliances at Guidewire, discusses the accelerating pace of change in insurance. He explores strategies for improvement, speed, and cost reduction. Additionally, he elaborates on the Earnix and Guidewire partnership, emphasizing its coherence and benefits.
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ITC 2023: Using New Tech to Uplift Your Legacy
Robert Pick, EVP & CIO at Tokio Marine North America, dispels insurance technology myths and explores aspects that may seem daunting for insurers. He also delves into how insurers can transform the industry, outlines key success requirements, and explores ways to make it all work.
Climate Change's Impact on the Insurance Industry
The insurance industry is feeling the impact of climate change, prompting insurers to reevaluate their strategies. They're wrestling with the necessity for new models that don't solely rely on historical data to anticipate and manage risks resulting from changing weather patterns.
Encouraging Collaboration: Many Insurers Are Experiencing Insufficient Collaboration
Our 2023 Industry Trends Report revealed that many insurers consider collaboration crucial, ranking it as one of the top drivers of innovation, placing third on the list of workforce strategy priorities.
Uncertain Economic Conditions
Insurers reported factors such as ongoing supply chain issues, inflation, and new insurance regulations would be some of the most significant macroeconomic conditions they expected to face in the next two years.