Build a more sustainable future and transform your organisation by unlocking innovation, digitally empowering your workforce and driving manufacturing efficiency through marketing.
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Value Prop Intro -LifeSciences
Manage risk, enhance experience, build trust.
We help insurers and reinsurers drive digital maturity with a proven cloud-first approach that leverages the power of Azure.
Vertical Campaign - LifeSciences - Element 1
Accelerate R&D innovation.
Modernise discovery, development and quality system processes to remove barriers to new product development.
Delivering platform transformation to support fully automated underwriting.
Like most businesses in the reinsurance sector, our customer had a decentralised legacy landscape where functional overlap featured heavily. Different applications - each covering the net/ gross pricing workflow - had been created for specialised Treaty and Facultative areas. This created inefficiencies for underwriters as they moved between multiple tools and interfaces.
Find out how we helped create a unified, streamlined underwriting platform geared for scale, consolidating legacy applications into a fully automated process.
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Modernise R&D processes and drive faster clinical advancements.
Develop products faster by leveraging AI/ML and high-performance computing to open innovation and transform your product lifecycle management and development.
Advance research by analysing Omics data and transforming your discoveries into new protocols for precision medicine.
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Vertical Campaign - LifeSciences - Proposition2
Vertical Campaign - LifeSciences - Proposition2
Optimise manufacturing processes with AI
Streamline factory operations and scale-up for new modalities of therapy by deploying cloud technologies to drive productivity and reduce downtimes.
Create an agile factory of the future. Improve production efficiency and reduce downtime – without requiring data scientists – using AI-powered automation.
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Vertical Campaign - LifeSciences - Proposition3
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Vertical Campaign - LifeSciences - Proposition3
Build predictable operations, better forecasting and inventory planning
Use AI to automate and elevate fulfilment with rule-based orchestration.
Unify data across systems in your supply chain to predict customer demand and consistently deliver products on time with near real-time production planning.
Connect internal and external supply chain, partner and market data to optimise your planning and inventory visibility.
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Vertical Campaign - LifeSciences - Proposition4
Vertical Campaign - LifeSciences - Proposition4
Enable people and teams to be productive from anywhere.
Connect frontline workers, office workers, partners and customers with secure collaboration and information management tools needed to support hybrid work.
Connect people, products and processes. Gain better visibility into end-to-end supply chain status, and support productivity goals through increased automation for more complex products.
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Vertical Campaign - LifeSciences - Proposition5
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Vertical Campaign - LifeSciences - Proposition5
Integrate for more agility through smart solutions.
Discover and connect to sustainability data to measure against goals, reduce waste and enable intelligent insights to take more effective action.
Empower your next-generation workforce, equipping them with the skills and tools to keep up with new complexities and speed of digital engagement.
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Vertical Campaign - LifeSciences - Proposition6
Vertical Campaign - LifeSciences - Proposition6
Improve provider and patient engagement - Drive meaningful actions.
Support personalised engagement, education, adherence and demonstrate real-world impact by helping your marketers, sellers and service agents understand the customer while engaging remotely and digitally across channels.
Bring together transactional, behavioural and demographic data to create an AI-infused, 360-degree view of your patients.Leverage AI-driven communication and engagement platforms to better support physicians in patient care.
Get an end-to-end view of the patient across disparate datasets to predict potential drop-offs in care and improve payor authorisation of treatment where needed.
Streamline sales and service to improve customer engagement and profit margins. Help your sellers keep pace with your complex product and service portfolio.
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Vertical Campaign - LifeSciences - Resources
Get the latest from our sector and domain experts.
Watch the video, read the whitepaper, explore the case study.
Vertical Campaign - LifeSciences - Resource1
The Automation Revolution In Underwriting with REALYTIX ZERO by Munich Re.
We love what we do and we get to work with some of the sharpest minds in the sector: enabling innovation, supporting the journey to data-driven and modernising legacy on Azure.
We love what we do and we get to work with some of the sharpest minds in the sector: enabling innovation, supporting the journey to data-driven and modernising legacy on Azure.
Vertical Campaign - LifeSciences - Customer #1
MUNICH RE
Vertical Campaign - LifeSciences - Customer #2
SWISS RE
Vertical Campaign - LifeSciences - Customer #3
GEN RE
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HISCOX
Vertical Campaign - LifeSciences - Customer #5
ROYAL LONDON
Our Customers
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Vertical Campaign - LifeSciences - Related Articles
At the 2023 Global Insurtech Summit, Ascent Principal Architect Konrad Pfeffer addresses the question “What are the Characteristics of a Future-Proof Insurer?”. In this recording, Konrad delves into the key attributes that can future-proof an insurer and explains how a platform-first operational strategy can transform the agility and productivity of in-house teams. Watch it now to find out more.
Global insurtech summit, insurance, insurtech, insurers, reinsurers, Konrad Pfeffer, future-proof insurer
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2023-05-24T23:00:00Z
Konrad Pfeffer, Principal Architect at Ascent, headlines the Global Insurtech Summit 2023 with the Keynote on future-proofing an insurer.
At the Global Insurtech Summit on 18th April in London, Konrad addresses the question, “What are the Characteristics of a Future-Proof Insurer?”
We had the pleasure of Headlining this year’s Global Insurtech Summit, which was attended by leading insurers and reinsurers from Europe and beyond. Addressing an audience of approximately 500 insurance leaders and innovators, our Principal Architect outlines the key attributes that can future-proof an insurer, and crucially, how a platform-first operational strategy can transform the agility and productivity of in-house teams.
The Keynote covers:
Megatrends in the insurance industry
Platform and automation as a strategy
How data fits into an operational strategy
Agile methodology and productivity
User-centricity
Optimising teams for execution
Konrad Pfeffer
Principal Architect
Ascent
Konrad Pfeffer is the Managing Director of the DACH region and Principal Architect at Ascent. A lifelong consultant and software engineer, he knows what’s important for projects to be successful. Konrad is a domain expert in reinsurance and identity and access management, with skills that have been forged and honed through many projects in the reinsurance industry over the last two decades.
How are some of world’s most prominent insurers approaching the delicate balance of deploying tech and innovation to enhance customer experience, scaling responsibly, protecting customer privacy and staying competitive in a fast-moving industry?
Our Chief Data Scientist discusses the insurance sector innovation outlook with Allianz, AXA, Generali & Zurich.
18th April - Global Insurtech Summit: Rich moderates a panel of thought leaders and executives from global insurers/reinsurers. They discuss in-depth the opportunities and challenges presented while innovating and improving customer experience.
article
Digital Transformation
<a class=“anchor” id=’’ href=’#disable’ aria-label=‘Video How are some of world’s most prominent insurers approaching the delicate balance of deploying tech and innovation to enhance customer experience, scaling responsibly, protecting customer privacy and staying competitive in a fast-moving industry?’>
How are some of world’s most prominent insurers approaching the delicate balance of deploying tech and innovation to enhance customer experience, scaling responsibly, protecting customer privacy and staying competitive in a fast-moving industry?
Insurance is a relatively stable sector. While insurers need to adopt innovation capabilities in a rapidly evolving landscape, significant transformations in large organisations takes time. How does an insurer set time horizons in their strategies, and accelerate the pace of change? How do they prioritise? Is insurance agile enough to circumvent unpredictable obstacles, or seize unforeseen opportunities? How should insurers apply technology to customer use cases? This fascinating discussion plunges into the opportunities and challenges presented to executives in this sector.
Featuring:
Allianz SE: Member of the Board of Management, Sirma Boshnakova
AXA: Group COO and Group Operations CEO, Alexander Vollert
Generali: Group Head of Business Development, Partnerships & Innovation, Stefano Bison
Zurich: Chief Operating Officer, Mathieu Pauwels
Rich Pugh
Chief Data Scientist
Ascent
As Chief Data Scientist at Ascent, Rich is passionate about delivering pragmatic advice to leading organisations on data-driven transformation and building successful data science teams.
With more than 20 years’ experience helping companies create value from data, Rich has worked across a variety of industries, helping businesses around the world increase profit margins, solve operational challenges and delight their customers.
Rich is a strong believer that there is nothing analytics can’t do and strives to help organisations leverage the power of their data.
Our customer is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions, with a reputation for innovation.
The brief.
Like most reinsurers, our customer had a decentralised legacy landscape with heavy functional overlap across a diverse range of technologies. Different applications — each covering the net/gross pricing workflow — had been created for specialised Treaty and Facultative areas. This created inefficiencies as underwriters moved between multiple tools and interfaces to complete pricing processes.
We were initially engaged to help create a unified, streamlined underwriting platform geared for scale, consolidating legacy applications into a single integrated workflow. Over time, these original requirements evolved into an innovation-led roadmap that would enable our customer to build competitive edge with second and third generation pricing capabilities. This included developing the ability to flexibly combine and link mathematical models across business segments, and later the ability to fully automate the underwriting process, using meta data to build new models that cover new risks and enable the processing of dark data.
The solution.
A multi-year project. Multiple teams. Multiple countries. We worked closely with actuaries and underwriters on a daily basis and built the deep domain knowledge to deliver success for our customer.
Underwriting platform
We consolidated net pricing kernels (developed by the actuaries under a common loss component interface) and introduced a Common Gross Pricing calculation that incorporated loadings and contract conditions.
To build commonality and to harmonise the legacy landscape, we designed a common reporting interface at a database level across all Treaty and Facultative business domains to normalise operations, and a common submission and coverage module to define semantics in proportional and non-proportional business.
This enabled us to standardise both the way offers are created and signed, and the management of long-tail triangle structures, bringing the workflow into a single tool through automation.
Exposure
We then built a system that would manage detailed location-based exposure data from various sources and formats ranging from EDM to Excel input.
The exposure system is cloud-native, built on Azure for scale, and accommodates varying modelling workloads and large exposure data volumes. Exposure data is transformed and normalised into a format where it can be analysed and used for natural catastrophe model runs, additionally interfacing with the underwriting platform where it is used to shape pricing.
Automated underwriting platform
To further competitive edge through digital innovation, we created a channel proposition for the insurance sector that transforms time-to-market for new products and services via a fully automated underwriting process.
The outcome.
The integrated underwriting system now allows thousands of underwriters across the globe to efficiently calculate reinsurance coverages, using significantly fewer tools. The new reporting interface has also given Corporate Underwriting a consolidated view of performance across all Treaty and Facultative insurance products.
The exposure system enables our customer to minimise the operational burden in risk analysis and modelling, and to improve modelling productivity overall — accessing, calibrating, comparing and deploying risk models in one place.
The automated underwriting platform has helped our customer maintain their position at the frontier of insurance innovation, helping its channel partners launch, distribute and scale new or existing insurance products significantly faster, reducing costs and increasing process efficiency.