When it comes to opportunities for digitisation in industrial and commercial insurance, the information to be recorded plays a decisive role in risk assessment. This applies to the assessment by an underwriter as well as to the risk decision that a system should make.
Digitization is driving change in commercial and industrial insurance. Whether you succeed in taking the step into the digital future will in the long term determine your company’s business success. Read in the first part of our series how digitization is influencing how the actors act in the market.
The assessment of the risks of globally operating companies is becoming increasingly complex. The task of the risk manager is to ensure stability and predictability in this environment. Digital technology offers a wide range of possibilities for processing the extensive data material required for this
Which risks do you insure at what price? And which risks should you give a wide berth? These are the key questions in underwriting. In the remit of digitizing industrial insurance the point is whether software can answer these questions.
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