{"id":19324,"date":"2020-08-19T10:07:18","date_gmt":"2020-08-19T14:07:18","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=67584"},"modified":"2020-08-19T10:07:18","modified_gmt":"2020-08-19T14:07:18","slug":"cooking-up-change-a-recipe-for-underwriting-transformation","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/08\/19\/cooking-up-change-a-recipe-for-underwriting-transformation\/","title":{"rendered":"Cooking Up Change: A Recipe for Underwriting Transformation"},"content":{"rendered":"<h4>New SMA Blog by Deb Smallwood &amp; Megan Bock Zarnoch, Strategy Meets Action<em><br \/><\/em><\/h4>\n<p>Boston, MA (Aug. 10, 2020) \u2013 The world is changing fast. And commercial insurance fills an increasingly important need in our world by creating predictability out of uncertainty and helping businesses of all sizes navigate this turbulent time. This insurance model enables businesses to continue to participate in the economy; fulfill product and service needs; keep the population fed, clothed, and living in safety; provide employment to so many across the nation \u2013 and prevent devastation due to the unforeseen impact of a natural disaster, accidental event, or alleged liability. We believe that this is critical: commercial insurance must withstand and evolve with the changing environment to continue to fulfill its purpose.<\/p>\n<p>At present, the deck is stacked against many companies, and a short-term \u201cstrategic\u201d mindset and siloed approach to digital transformation and new technologies has left those organizations unaware of the impending trouble. We believe that there is still hope: A holistic paradigm shift that is centered in culture can leapfrog innovative companies to the forefront of insurance and position our industry ahead of other industries in the battle for profits, talent, market share, and reputation.<\/p>\n<p>We\u2019ve compiled a new thought leadership report \u2013 <a href=\"https:\/\/strategymeetsaction.com\/our-research\/a-recipe-for-commercial-lines-underwriting-transformation-business-led-technology-enabled-with-a-culture-of-change-readiness\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em><strong>A Recipe for Commercial Lines Underwriting Transformation<\/strong><\/em><\/a> \u2013 to guide forward-thinking organizations to start where they are today and achieve this transformation to highly agile, resilient, and economically successful companies for the long term. Our lens is honed in on commercial lines underwriting in mid-to-large sized businesses. Read on for insights into:<\/p>\n<ul>\n<li>The complex web of factors impacting the industry landscape<\/li>\n<li>An assessment of today\u2019s state (Technology, Process, and People) against which to benchmark your organization<\/li>\n<li>Future state ecosystems and illustrative use cases<\/li>\n<li>Readiness and solution levers to pull<\/li>\n<\/ul>\n<p>Property &amp; Casualty commercial lines underwriting will look different in 2030. Small markets are already shifting to new digital, transformational business models. Mid-to-large sized business is the new open space, ripe for digital transformation and the leap forward into a new model for 2030. Every commercial lines insurance business has a choice to make: stay the course and be left behind, or embrace a paradigm shift. Which will your organization choose?<\/p>\n<p>To download a free copy of the report, please <a href=\"https:\/\/www.surveymonkey.com\/r\/SMAPCUnderwritingsurvey\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>take our survey about the current state of commercial lines underwriting<\/strong><\/a>.<\/p>\n<p class=\"smallhead\"><strong>About SMA<\/strong><\/p>\n<p class=\"normal\">Exclusively serving the insurance industry, Strategy Meets Action (SMA) is an advisory services firm offering retainers, research, consulting, events, and innovation offerings to both insurance companies and solution providers. Learn more about SMA at <a href=\"http:\/\/www.strategymeetsaction.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.strategymeetsaction.com<\/a>.<\/p>\n<p class=\"referencetext\"><em>SOURCE: Strategy Meets Action (SMA)<\/em><\/p>\n<p> <a href=\"https:\/\/www.insurance-canada.ca\/2020\/08\/19\/sma-recipe-for-underwriting-transformation\/\">Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New SMA Blog by Deb Smallwood &amp; Megan Bock Zarnoch, Strategy Meets Action Boston, MA (Aug. 10, 2020) \u2013 The world is changing fast. And commercial insurance fills an increasingly important need in our&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19324"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19324"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19324\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}