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Underwriting is ‘battlefield that remains to be conquered’ by technology – Swiss Re

By 2020-11-27T08:03:00

conquer

Expert panel agrees that the use of technology and data is transforming the role of the underwriter and that ‘tech-fuelled’ insurers need to be the norm rather than the exception

Underwriting is “the battlefield that remains to be conquered” by technology in order to transform it from “a mystical art into a data-driven profession”, said Silvi Wompa Sinclair, group head of portfolio underwriting at reinsurer Swiss Re.

Speaking at S&P Global’s virtual European Insurance Conference 2020 this month, as part of a panel discussion titled ‘The role of technology in the post-Covid age’, Wompa Sinclair explained that technology can help underwriters to better access data so that they can become more time efficient.

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