Responsible underwriting in insurance involves accurately assessing risks to ensure that premiums are sufficient to cover potential claims while maintaining profitability and fairness .

This process is crucial for the financial health of insurance companies and their ability to meet obligations to policyholders .

Today , insurtech solutions provide robust data management systems that ensure data is collected , stored and processed in accordance with regulatory requirements , such as GDPR and the Data Protection Act . In this issue , we ’ ll explore the solutions that ensure underwriting is more responsible , and look at how new regulations as part of DORA will mean new solutions employed are done so safely and with resilience in mind .

We ’ ll also explore the growing role of blockchain in insurance and track the evolution of embedded insurance offerings on the market .

Elsewhere , we ’ ll look at the increasing importance of parametrics in the home insurance and property insurance spaces .

Our Top 10 takes us to insurtech platforms , and we ’ ll look at the leading players on the market . There is plenty more coming your way daily , as always , on insurtechdigital . com too . Enjoy our latest issue .

INSURTECH MAGAZINE IS PUBLISHED BY

LOUIS THOMPSETT

InsurTech Digital Magazine November 2024 | Page 5

FOREWORD THE ROLE OF RESPONSIBLE UNDERWRITING AND DORA

“ Today , insurtech solutions provide robust data management systems that ensure data is collected , stored and processed in accordance with regulatory requirements ”

Responsible underwriting in insurance involves accurately assessing risks to ensure that premiums are sufficient to cover potential claims while maintaining profitability and fairness .