Webinar Description
Key Takeaways
- Webinar examines how address-level risk data integration reduced coastal property quote times to two minutes at USG Insurance Services.
- Covers risk factors including distance to coast, elevation, flood zones, storm surge and hurricane scores.
- Targeted at insurance underwriters, product managers and executives working with coastal and catastrophe-exposed property portfolios.
- Features a case study where USG launched an Excess and Surplus coastal program, reporting $80,000 in savings and $11 million in projected new revenue.
About the Event
This virtual webinar, hosted by Guidewire’s HazardHub team in collaboration with USG Insurance Services, presents a case study on streamlining coastal property insurance underwriting through granular risk data. The session demonstrates how integrating HazardHub’s risk data platform into underwriting workflows enabled USG to launch a tailored Excess and Surplus coastal program with significantly faster quote turnaround.
Risk Data and Underwriting Efficiency
The webinar focuses on how precise, address-level risk data can transform underwriting for coastal properties. HazardHub’s platform provides data on multiple risk factors relevant to coastal exposures: distance to coast, property elevation, flood risk, storm surge potential and hurricane scores. By making this information available at the point of underwriting, insurers can move from manual, time-intensive processes to faster, more consistent quoting.
USG Insurance Services serves as the primary case study. The company reports reducing quote times to two minutes after integrating HazardHub data into its workflows. The session will detail how this integration supported the launch of their coastal E&S program and contributed to operational savings of $80,000, alongside projected new revenue of $11 million.
Who Should Attend
The webinar is designed for professionals in property and casualty insurance who work with coastal or catastrophe-exposed portfolios. Relevant roles include:
- Insurance underwriters seeking to reduce quote times and improve consistency
- Product managers developing or refining coastal property programs
- Executives at insurance carriers, MGAs and brokers evaluating workflow automation
- IT and analytics professionals responsible for data integration in underwriting systems
Organizations facing challenges with slow or inconsistent quoting for coastal risks, manual underwriting processes or difficulty accessing actionable risk data during underwriting may find the session relevant to their operational priorities.