It’s a new world for insurers and their customers.

Until recently, inflation and volatility were low, giving insurers license to offer an abundance of affordable cover options to more customers, whilst maintaining healthy bottom lines.

Now insurers are under attack from multiple fronts, including larger and more frequent disasters, supply chain and labour constraints and high inflation.

This is driving up operating costs, eviscerating policy margins and inflating premiums – forcing policy holders to compromise on cover and guaranteeing poorer customer outcomes.

In its current state, this new world isn’t sustainable.

With many factors out of their control, how can insurers navigate the challenges of the changing environment and continue doing what they do best – delivering affordable cover and greater confidence to more customers – all whilst preserving a robust balance sheet?
 

Duck Creek’s Duck Talk APAC 2023 brings together experts from across the industry to explore the strategic and practical ways that technology and data (and other means) can be unlocked to power insurers to better protect themselves and their customers from the knowns and unknowns to deliver confidence, reduced ratios, price stability and faster recoveries.

Want to know more? If you have any questions or would like more information contact chris.hamilton@duckcreek.com.