On December 3, Sompo International proudly accepted Strategy Meets Action’s (SMA) “Transformation in Action” Underwriting Award together with Praedicat, a longtime partner in working to redefine casualty underwriting. The SMA Underwriting Award recognizes insurers, MGAs, and solution providers who are rethinking, reimagining, and reinventing the business of insurance.
Representing Sompo International at the awards ceremony in NYC, Shannon Totten, Senior Vice President and Excess Casualty Practice Leader, discussed how Sompo International’s partnership with Praedicat has helped transform the underwriting process through use of new data sources, advanced analytics, and enhanced technology. She commented that, “Excess casualty underwriters struggle with information overload every day, especially when dealing with large corporate risks. Praedicat’s analytics provide greater risk transparency, so we can be informed risk takers, protecting our balance sheet without unduly restricting our risk appetite.”