At the Insurtech Insights USA conference in New York, Insider Engage spoke to several companies about what they see as the biggest issues facing the industry — and how insurtechs can help meet those challenges.
Deploying a mix of lead and follow, manual and automated underwriting strategies known as a Multiple Approach to Underwriting (MAU) has brought its own complexities and inefficiencies that many organisations are living with. Organisations need to recognise the opportunities presented by MAU and optimise the benefits from working this way. This can be complex, but the good news is that support is on the horizon.
Stephen Catlin and Paul Brand, who co-founded Convex in 2019, say keeping employees happy gives them an edge in the market.