#88 - Underwriting in the Age of Data Overload
This week the guys delve into the complexities of reinsurance underwriting and the overwhelming influx of data in the industry. They explore the future of underwriting, the role of data in making informed decisions, and how companies navigate the sea of information to find value. Expert insight and engaging analogies, Ben & Jerad talk about the challenges and opportunities that lie ahead for reinsurance professionals in a data-saturated market. CONNECT WITH US: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/@SupercedeHQ RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (02:13) If Data Were Spaghetti (04:14) Lacking Goals in Data Initiatives (05:50) Advantages of Data Accuracy (10:11) Insurance Performance Impacts Reinsurance (12:57) Improving Data Capture (14:05) The Role of Insurers in Reinsurance (17:55) Insurtech Investment ROI (19:13) AI Can’t Fix This Fundamental Issue (20:44) Algorithmic Underwriting (25:16) Willingness & Ability to Adopt New Tools (28:34) The Human Element in Tech Adoption (29:59) New Talent Expecting 21st Century Tech