Those that don't innovate will lose: Nichols

Outgoing Axis Re CEO Jay Nichols has warned that underwriters
who fail to latch on to new data and analytics tools are
"absolutely going to lose", and that the sector had
gotten away with complacency for too long.
Speaking at The Insurance
Insider's InsiderTech
event in New York, which he described as his last official duty as
Axis Re chief, Nichols urged the industry to embrace the
change.
He said that carriers that didn't take advantage of the new
tools...