Closing the gap with partnerships in commercial insurance Cytora Blogcast

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.