The Future of Insurance The Future of Insurance – Adam Denninger, Global Industry Leader for Insurance, Capgemini
Adam Denninger leads Capgemini's global strategy for the insurance industry and manages its relationships with the insurance technology ecosystem. Adam has 20+ years' experience creating and delivering solutions at the intersection of business and technology.
He joins the show to share some of the perspective in their World Property and Casualty Insurance Report for 2024.
Highlights from the Show
- A focus Adam shared is the idea of being effective in underwriting
- This is a combination of accuracy and speed
- That's about getting better data and being able to act on it faster than we have in the past
- To achieve speed, it requires changing the entire process for evaluating underwriting performance, changing risk factors and inputs, and changing products rapidly
- Making this change is like doing open heart surgery on a patient who is actively living their life rather than being anesthetized on an OR table
- A major theme of Capgemini's research is the confluence of rapidly changing macro factors impacting losses
- While each factor may have moved like this before, we haven't had so many factors moving at the same time to such an extent and at such speed
- Adam believes the industry needs to come together to create accurate, easily-accessed data sources for common things we all need, like natural perils
- Download Capgemini's World Property and Casualty Insurance Report 2024
This episode is brought to you by The Future of Insurance thought leadership series, available globally from Amazon in print, Kindle and Audible audiobook.
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Music courtesy of Hyperbeat Music, available to stream or download on Spotify, Apple Music, and Amazon Music and more.