Making Risk Flow | The Future of Insurance
00:36:42 · Jamie Wilson
And then on top of that, they get told that you've got this strategy for how you're gonna make that pricing tool more and more data driven every year for the next five years. And it's gonna become more and more accurate. And it's gonna become crucial cornerstone to their underwriting process. Suddenly you're gonna get even more buy in from the underwriting side, because they're like, actually you've already invested to make my life easier. You're now investing to kind of give me kind of an underwriting edge over the rest of the market.
00:37:10 · Juan de Castro
[00:37:10] S0: Well, has been an incredible session. It's an area we don't talk about. I will discuss it in this podcast. I am very passionate as both of you are about moving away from spreadsheet. My two takeaways from this conversation, and it's been really insightful to talk to both of you who are peer heading this transition in the industry. So my two takeaways is one is how do you move from one off calibration or one off building of pricing models to this incremental continuous calibration, which is, again, as you continuous improvement type of mentality. And the other one, which is at the core of this transformation I'm talking about is moving from producing a number to really producing insights and enabling underwriters. And I think definitely, Simon, you and Markel are making huge progress in this space. Jamie, you are now supporting a number of our insurers. I know you're really enabling this transition of the industry. So I just wanted to say thank you to both of you. It's been a really enjoyable discussion. Making Risk Flow is brought to you by Cytora. If you enjoy this podcast, consider subscribing to Making Risk Flow in Apple Podcasts, Spotify or wherever you get your podcasts so you never miss an episode. To find out more about Cytora, visit cytora.com. Thanks for joining me. See you next time.