Roundtable: Getting over the back office blockade

Fincons roundtable
Back row, l-r: Christian Kitchen, head of technology and innovation, Miller Insurance Services; Carlo Nebuloni, transformation director, Axa UK and Ireland; Turlough O’Brien, head of IT, Aviva; Peter Howard, head of change, Willis Towers Watson; and Riccardo Palombella, head of insurance business development, Fincons Group. Front row, l-r: Stephanie Smith, chief operating officer, Allianz; Juliet Sharman, IT business partner, MS Amlin; Nick Hansford, head of software engineering, LV General Insurance; Adam Mitchell, head of risk innovation, Chaucer; Giuliano Altamura, financial services business unit manager, Fincons Group; and Charlie Blackburn, co-founder and chief technology officer, Azur Underwriting

Digitalisation remains the juggernaut that insurers cannot sidestep if they are to remain relevant. However, they risk falling behind more agile rivals if they fail to modernise their back offices: the beating heart of the business which might be in need of more than a bypass operation, although a full transplant could be too costly. Post brought together figures from around the industry to discuss what insurers need to do to overcome their past to transform their future, at a roundtable in association with the Fincons Group

Are insurers actually being held back by their legacy systems?

Turlough O’Brien: I’d say undoubtedly. We’ve got platforms that are older than I am. If we take examples from any other industry, that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Post? View our subscription options

Was 2024 the ‘Year of Reality Check’ for insurtechs?

Content Director's View: With territorial withdrawals and scaling back on products, Jonathan Swift asks whether 2024 represented the year the UK insurtech space got a reality check; and mulls whether a second Summer of Insurtech could soon be around the corner.

Q&A: Lauren France, DWF Law

After being named Unsung Hero of the Year at the British Insurance Awards 2024, DWF's specialist manager and deputy head of organised fraud Lauren France talks about the work being done to combat fraud, what threats are on the horizon, and how new injuries are cropping up in personal injury claims.

Making sure Father Christmas is covered

Insurance Post editor Emma Ann Hughes has made a list of Santa Claus’s risks and got the insurance industry’s leading lights to check it twice in order to recommend products plus services for the man tasked with delivering a holly, jolly Christmas this year.

Insurtech Review of the Year 2024

2024 was a busy year for insurtechs as insurers looked to make the most of artificial intelligence plus data analytics, but sector leaders reckon the industry will push the boundaries of digital transformation even further in 2025.

ManyPets co-founder joins Bikmo as chair

Cycle insurer Bikmo has appointed Steven Mendel, co-founder of ManyPets and former CEO of its parent company ManyGroup as chair, subject to approval from the Financial Conduct Authority.

Q&A: Venkat Sathyamurthy, Tractable AI

Venkat Sathyamurthy, newly appointed CEO of Tractable AI, discusses his journey to the top of the insurtech and his plans for the company’s next stage of artificial intelligence focused growth.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

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 individual account here