Canadian Underwriter, DMTI Spatial join forces for Feb. 25 webinar on digital disruption

Canadian Underwriter magazine and DMTI Spatial are teaming up to offer a webinar on Feb. 25 highlighting the business impact of digital disruption driven by consumers and mobile-first start-ups.

The webinar, titled 2016 – Year of Disruption: P&C Insurance Re-imagined, will be held on Thursday, Feb. 25 at 10:30 am EST and will run for approximately 45 minutes. Speakers include Mukul Ahuja (pictured below left), senior manager, Insurance Strategy practice at Monitor Deloitte and Jamie McDougall (pictured below right), vice president, business intelligence & analytics, Gore Mutual Insurance Company.

P&C insurers are finding themselves facing a “perfect storm” of change. Evolving digitally connected consumers, intensifying competition from mobile-first start-ups and app-based disruptive technologies are creating new business pressures. At the same time, climate change is affecting insurers’ ability to predict losses from natural catastrophic events. Regulatory scrutiny and requirements are also on the rise. Taken together, these factors are forcing P&C insurers to rethink how they secure competitive advantage and long-term value.

In five to 10 years, the speakers predict, there will be a “radically different landscape in Canadian P&C insurance.”

Regarding digital connectedness, today’s consumers are “always-on” via connected mobile devices, well-informed – and very demanding. They spend more time online using tablets, smartphones and computers to research, shop and socialize. Connected, impatient and value-conscious, consumers are forcing P&C insurers to pay far more attention to their own brand and the customer experience they deliver. With good reason, too: 40% of current P&C customers are likely to switch to a new provider for auto and home insurance in the next 12 months, the speakers suggest. There is a thirst for digital disruption and those industry players who get there first will be able to secure a competitive advantage.

Understanding the digital lifestyle and start-up shifts, anticipating their business impact and making the necessary changes to adapt will be an absolute imperative for P&C insurers in the years to come, the speakers said.

A Q&A session will follow the presentation.

Registration for the webinar is available at: http://edge.media-server.com/m/p/chwagfc5.