Strategic review to drive reduction in expense ratios for commercial insurers

To stay competitive, commercial lines insurers have an opportunity to thrive by strategically reviewing and controlling their expense ratios.

Hosted on Insurance Hound, this content sheds light on the major components of an insurer’s expense ratio, and the specific levers available to influence these cost drivers and reduce expense ratios.

Topics covered:
• Expense ratio constituents: what’s the outlook for insurers?
• Challenges faced by insurers, as they look to reduce operational costs.
• Key challenges faced by insurers in reducing it expenses.
• How automation is impacting specific insurance functions.
• Accelerating the control of expenses.
• Workflow automation opportunities in underwriting.
• Enabling real-time decisions with IoT generated data streams.
• Applying a three-step digital transformation process.