EP 24 – Chris Schrenk – Chief Underwriting Officer at NeuralMetrics – It Gave Everybody a Renewed Vision of What Technology Could Do

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Skilled at identifying and developing process improvements that increase accuracy of audit and identify issues that reduce errors and improve efficiency. Strong leadership qualities with the ability to effectively communicate with all levels within the organization. Detail oriented individual who exemplifies professionalism, and an ability to manage multiple projects simultaneously

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InsurTech Amplified spoke with ⁠Chris Schrenk⁠, the Chief Underwriting Officer at ⁠NeuralMetrics⁠, to garner his insights into the transformative impact of AI-Powered Data on the insurance industry. Chris discussed the role of advanced technologies such as natural language processing and large language models in revolutionizing how insurers understand and price risks. His experience underscores the potential for technology⁠ to close the information gap, allowing for more accurate underwriting and better outcomes for insurers and the insured alike.

Our conversation further explored the critical role of data in evolving insurance practices, emphasizing the importance of real-time, public information in dynamic risk assessment. Chris pointed out how this approach not only improves accuracy but also democratizes the competitive landscape, especially benefiting smaller insurers. Additionally, he shed light on the significance of enhancing customer experience in the insurance sector, making it more accessible and less intimidating for businesses. The episode concludes on a forward-looking note, with Schrenk advocating for collaborative efforts between technology providers, insurers, and insureds. This collaboration is pivotal for leveraging technological advancements to meet the complex needs of the modern insurance landscape.

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