Revolutionising Commercial Insurance: Algorithmic Underwriting and Digital Trading

The insurance industry is rapidly evolving with the advent of algorithmically underwritten and digitally traded products. But what does this mean for brokers, underwriters, and customers, and how can they benefit from these advancements?

Join us for an insightful session hosted by leading innovators at Aurora, an algorithmically underwritten digital MGA specialising in trading SME commercial insurance products online and in real-time. Aurora has designed and built an algorithmic underwriting framework and digital trading platform for Commercial Combined risks, enabling real-time and digital distribution for a larger market segment than has been previously possible.

This session will explore:

• The concept of algorithmic underwriting and its journey.
• Differences between digital and algorithmic underwriting.
• Significant benefits for brokers, underwriters, and customers from this approach.
• Aurora’s experience in trading algorithmically underwritten products online.
• How customers, brokers and underwriters can leverage these advances in technology, analytics, and data.

Attendees will also have the opportunity to ask questions, collaborate, and leverage this groundbreaking innovation.

Learning Objectives:

• Understand what algorithmic and digital underwriting are, their applications, and the future landscape of underwriting.
• Discover how these innovations will create opportunities for brokers, underwriters, insurers, and customers.
• Learn about the digital distribution of Commercial Combined products for the mid-market, its trading processes and how to leverage the benefits from this novel approach.

Speakers:

Lauren Stables

Head of Digital Trading at Aurora

Lauren leads the digital trading initiatives at Aurora, the product requirements for brokers, and the hands-on execution of sales. With over a decade of expertise driving innovation in insurance, she is certified in Scrum and excels in digital transformation, strategic leadership and operational excellence.

Victoria Royle

Digital Underwriting Manager at Aurora

Victoria is responsible for developing new products for Aurora’s digital platform, underwriting complex risks, and serving as a product expert for customers and brokers. With over 14 years of commercial underwriting experience, she was previously President of the Insurance Institute of Manchester.

Tom Willmore

Head of Broker Distribution at Aurora

Tom leverages his technical insurance expertise and relationship-building skills to generate substantial value for brokers, underwrite complex risks, and grow the Aurora portfolio. With a background in both underwriting and broking, Tom specialises in introducing novel products to the broker community.

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