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Underwriters are the focal point for putting the assets of insurers at risk. Decisions made by underwriters immediately affect the top line revenue and distributor relationships, and ultimately affect the bottom line of profitability. In the current market, underwriters must be able to quantify previously unknown exposures, scrutinize existing coverages, and introduce new products quickly into a dynamic market. All of this is on top of core requirements for risk selection and pricing.

Technology and access to information has shown positive returns in handling routine functions, but the present-day demands of underwriters call for new approaches. A common set of inter-related themes include Standardization of data and rationalization of business processes.

Standardized data has been something of a holy grail in broker-company interactions. Leading insurers and brokers are finding that it is just as important when dealing with activities outside of mainstream policy processing. For example, ACORD has developed relationships with a number of organizations to apply standards creatively to risk management, engineering and loss control, and large commercial submissions.

At the same time, underwriters are seeing value in applying process management techniques to improve the effectiveness and efficiency of product development, risk selection, and pricing in personal and commercial insurance, and with P&C, life, and health insurance.

The combination of standardization and process modeling allows use of advanced analytics to provide better portfolio level analysis, more sophisticated segmentation for risk profiling, and better decision support for complex risks.

This half-day seminar is targeted at decision makers who want to understand how technology is supporting:

• Enterprise product management - how to rapidly evaluate needs for products, analysis of market and profit opportunities, rapid introduction and just-in-time maintenance of products;

• Standardization of interactions with all relevant stakeholders in the marketing, risk selection and pricing arenas;

• Faster access to richer information sources at the individual risk and portfolio levels;

• Intelligent use of advance analytics in managing the underwriting process.

Executives and underwriting managers receive volumes of information on new technologies which seem to offer promise. This seminar will distill this information and supply real world examples of how technologies are being used, and with specific examples of successes and challenges.

Become informed, and network with others who are concentrating on best of class solutions to today's issues in underwriting and management at "Strategic Value from Standards in Insurance Underwriting" on May 30, 2003.

Continuing Education Credits for RIBO (P&C) and Life Insurance
RIBO is 3 credits, Management category

Topics and Speakers

Here is an overview of the agenda for the day with more detail on topic and speaker information available.

8:00 – 8:30: Registration and Coffee

8:30	Welcome: Patrick Vice Insurance-Canada.ca
	Enterprise Product Management - Chris Hoar, Camilion Solutions
	Automated decision support and Credit Scoring - Barb Addie, Risk Decisioning
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	Rate-Making Using Predictive Modeling - Michael Turney and Jim Godfrey, SAS
	Standards in Practice: Portal Quotes, Property Inspections and Risk Management Applications. - Mike Hornick, Insurance Systems Inc.
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	Standards for Real World Underwriters - Ronald Dudley, ACORD
12:00	Close: Patrick Vice

For more details on topics and information about speakers.

The session is designed for insurance professionals
No technical experience is required.

Our Seminar Sponsors:

		Camilion Solutions, Inc. is the leading provider of Enterprise Product Management solutions for the insurance industry, enabling insurance companies to quickly and efficiently launch new products into target market segments and manage the increasing complexity and proliferation of product features across multiple channels, without having to replace existing legacy systems
		SAS software and services deliver the most important commodity in today's business world — The Power to Know® — enabling insurance companies to transform data into a healthier bottom line.

Seminar Details:

The session will be facilitated by Patrick Vice Principal, Insurance-Canada.ca, insurance professional with extensive experience using the Internet for insurance business.

This half day session will be held Friday May 30, 2003. Registration (with coffee) will start at 8:00. The session will begin promptly at 8:30 and conclude at noon.

Cost for the seminar including handout material, lunch and coffee is $275.00 plus G.S.T. ($294.25). Payment is due in advance.

Three ways to register:

• e-mail to doug.grant@insurance-canada.ca your business card information

• print or cut and paste our registration form

• on-line registration

A confirmation and additional details will be returned by e-mail.

Payment details:

Payment is by cheque, made out to Insurance-Canada.ca, and mailed to Insurance-Canada.ca, Attn: Dave Gibbons, 207 Carlton Road, Markham, ON L3R 3L9. Please send by regular mail (do not courier). Special arrangements can be made to bring payment to the seminar, or to invoice you.

Seminar Location

The location is central Toronto at the premises of the Ontario Bar Association, 20 Toronto St., Suite 200, just just two blocks east and and one block north of the intersection of King & Yonge.

Questions? call Doug Grant 416-921-7756 or email at doug.grant@insurance-canada.ca

See a list of our Previous Seminars.

[ Announcement Flyer | Speakers and Topics | Online Registration | Registration Form ]