ITC 2024

ValueMomentum at ITC Vegas

ValueMomentum is exclusively focused on P&C insurance. We only do P&C insurance, and we do it really well.

As an insurance-focused company with 24 years in business, 100+ insurers served, and 4,000+ insurance-focused associates, we are helping insurers stay ahead with sustained growth and high performance for enhancing stakeholder value and fostering resilient societies.

We’re excited to be a sponsor for this year's conference. We look forward to connecting with other innovative companies shaping the future of insurance and propelling the industry into a new era.

Request a personalized meeting or drop by the ValueMomentum booth #1644 to speak with our team and learn how ValueMomentum is helping P&C insurers driving business outcomes across the insurance value chain.

Underwriting Transformation

As insurers expand their digital toolsets, they also expand their business opportunities and customer touchpoints. Intelligent automation has allowed underwriters to reduce their administrative workload and manual efforts. However, this shift has also led to an increase in issues like:

Complex risk profiles
High transaction volumes
Indigestible data
More potentially fraudulent online claims

Insurers must balance delivering optimal customer quotes with minimizing their overall risk exposure.

Whats new in data analytics in Insurance

5 Trends Shaping the Future of Underwriting in Insurance

Underwriting is a vital part of the insurance value chain, and technological advances are helping insurers improve their workflows in this area. Learn about five top trends shaping underwriting in insurance.

3 Ways to Drive Underwriting Business Insights With Power BI

As insurers shift to digital platforms, they gain access to more business opportunities and customers touchpoints than ever before. Technology has allowed underwriters to reduce their administrative workload and manual efforts.

3 Ways to Craft a Modern Insurance Distribution Strategy

User experience is especially vital for a satisfying insurance distribution strategy — for customers, agents, and partners alike. As technology evolves, insurers are changing the way they approach distribution.

Evolving Digital Distribution Strategies for Insurance

In this recorded webinar we discuss the current landscape for insurance distribution, how insurers are using APIs to integrate with partners and best practices for leveraging APIs.

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Carriers today are tasked with the unique challenge of meeting evolving customer demands for enhanced digital experiences while retaining the value of traditional sales channels and relationships made through brokers and agents.

Four key distribution models can help insurers tackle this:

Embedded insurance bundles insurance offerings with a product or service in real time at the point of sale
API marketplaces provide agents access to multiple carriers through a unified API for quoting and submission
Insurance aggregators bring together multiple carriers to give customers and intermediaries access to varied options in one place
Agency platforms are used by agents to partner with multiple carriers to provide products and services to their customers

How to Apply Generative AI in Insurance

Adding AI to their workflows is nothing new to insurers. But complementing existing AI tools with generative AI can improve efficiency, customize experiences, and elevate products.

Case-Study-Specialty-Carrier-Improves-User-Experience (1)

Specialty Carrier Streamlines Infrastructure for Distribution Expansion

To improve scalability and position itself for future growth, a specialty insurer optimized its application infrastructure and simplified the API integration layer of its tech stack, allowing for rapid expansion of distribution and engagement channels.

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Tokio-Marine-HCC-–-Cyber-Professional-Lines-Group-Creates-World-Class-Digital-Distribution-on-Their-Underwriting-Platform (1)

Tokio Marine HCC – CPLG Creates World-Class Digital Distribution

Tokio Marine HCC – CPLG combined the Broker Portal and Partner API channels with the Underwriting Portal to create a modern and sleek platform allowing brokers to instantly generate quotes and bind them 24/7 on the digital channel of their choice.

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Product Innovation

Innovation has become critical to insurers' growth models. To keep up with this need, leaders have increasingly been following the "product turn," a management approach that centers around the life cycle of a product.

Traditionally, insurers have taken a project-centric approach, which usually sticks to a rigid (but exact) timeline with a linear set of objectives. Switching to a product-centric model focuses on creating ongoing iterations based on results, profits, and changing business objectives. While this approach carries more risks, it also brings more growth opportunity.