Insurers are under immense pressure from increased claims (volume and value), evolving risks and policyholder behaviours, inflation, regulation, reinsurance (costs and availability), cyber security threats and more.

Navigating these pressures creates extra costs that inevitably get passed on to the policyholder, contributing to insurance unaffordability. Unaffordability could lead to under coverage which may have far-reaching implications for the community and economy.

What’s worse, these pressures will continue to mount and no one knows what to expect next.

Yes – through the creative application of agile, intelligent and evergreen technology and data, insurers have the ability to confront and overcome their current and future challenges efficiently, effectively and sustainably, and return value to their policyholders and the business.

Duck Talk APAC 2024 explores how insurers can make insurance affordable again.

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