Skip to main content

Unveiling the future of commercial insurance: Navigating risk, trusting data and empowering clients

Sponsored by ?

This resource was paid for by a contributing third party.

To find out more about the commercial insurance risk landscape, underinsurance and onboarding commercial clients, Insurance Post, in partnership with CRIF recently surveyed insurers and brokers.

Despite the crucial role of seamless on boarding journeys and the significance of data, brokers and insurers have expressed doubts about fully trusting their data. Furthermore, the survey revealed a prevalent belief among respondents that business owners and sole traders underestimated the value of their insurance coverage.

This article sheds light on the research findings and delves into the evolving business risk landscape, the challenges faced in data utilisation during the onboarding process, and strategies to ensure risk profiles are comprehensively understood.

Topics covered:
• Insurers’ and brokers’ predictions for the commercial insurance market.
• Insurers’ and brokers’ biggest challenges when onboarding a new business.
• Third party datasets used when onboarding business customers.
• Using data to create seamless onboarding and renewal journeys.
• The perils of underinsurance.

Download the article

Register for free access to hundreds of resources.

Already registered? Sign in here.

 

Your alert preferences

More related resources

At ITC Barcelona, the biggest AI question was about brokers

Technology has changed almost every role in insurance but not equally. At ITC Barcelona, Holm Schimanski, tigerlab’s partner and chief AI officer, shared lessons from a live, multi-country broker management system rollout. This blog highlights the key takeaways from the session.

The architecture of scale: Why AI pilots fail in insurance

95% of enterprise generative AI pilots deliver no measurable P&L impact. The tools are not the problem - the foundation underneath them is. This blog highlights how brokers and MGAs can get AI ready by fundamentally changing how they handle data.

What brokers need from a broker management system in 2026

Despite the rise of insurtech, many established brokerages continue to use legacy systems or adopt new tools without properly integrating them. This blog sheds light on the specific challenges a Broker Management System needs to solve in 2026 and why the industry is ripe for transformation.

Summer risk guidance for commercial and personal lines clients

With summer on the way and warmer conditions ahead, what are the risks facing personal lines and commercial lines clients? Aviva’s summer risk guidance provides some top tips for brokers on how to support your clients when it comes to managing seasonal risks.

Big Interview: Dave Haynes, ARAG

At the beginning of 2024, ARAG acquired DAS UK, creating a combined UK business with GWP in the region of £220m. ARAG UK CEO Dave Haynes discusses the impact of the legal expenses insurer’s acquisition of DAS and how Labour’s legislative agenda is making its products more relevant than ever.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: