![]() The two entrepreneurs reconnected during this period, and upon seeing Govberg’s operation in Philadelphia, Liam Wee realised it was unique to anything he had seen across the global watch industry. In the ensuing years, Liam Wee recognised that pre-owned timepieces were going to lead the next revolution in the watch industry, and he wanted to be a part of it by taking it to Asia. Liam Wee experienced great success in the primary business, taking Sincere Watch public in both Singapore and Hong Kong before selling the company in 2012. Being in the watch business for over 30 years, I knew that the potential of the pre-owned luxury market bears an enormous potential.Ĭan you give us a quick history of WatchBox?ĭanny Govberg and Tay Liam Wee are contemporaries in the watch industry and long-time friends, first meeting more than 25 years ago. ![]() Once I realised that WatchBox was not ‘just’ a watch company but a tech company, I said I wanted to be part of this. My drive for innovation and being mature enough to be disruptive! I’ve known Danny Govberg, one of the co-founders of WatchBox for 20 years and when he showed me what WatchBox was about, he got my attention and I went to see the organisation in Philadelphia. Perfect timing to talk with our long-time friend Patrik Hoffmann (ex-CEO of a watch brand) about WatchBox Europe and the online watch market. Founded by experienced entrepreneurs and market-makers Danny Govberg (of US-based watch/jewels retailer Govberg Jewelers) and Tay Liam Wee (Asia-based retailer Sincere Watches), WatchBox is today opening its European Offices in Switzerland. After Chrono24 and Montredo, it is time to take a look at one of the main actors in this ultra-competitive market: WatchBox. Rated with Over 1500 Positive Feedbacks on Amazon.Today, we continue our “Online Watch Market” series. Pristine Ratings with Over 4600 Positive Feedbacks On Item usually ships by the next business day We offer free standard shipping with USPS We take pride in our large amount of repeat customers and invite you to join our satisfied clientele. The customer representative who gets your email or phone call will address your problem and make sure you are totally satisfied. So feel free to call us at 1-88 or E-mail us at and we will gladly assist you. Customer Service is our top priority and we stand behind every item we sell. We have one ultimate goal and that is a happy customer, and we have reached that goal countless times. Checkout is easy and uses secure encryption technology. Just choose the brand and model you want and add it to your shopping cart. ![]() We guarantee your watch is new and authentic. We avoid manufacturers' pricing controls because we are not considered "authorized dealers" as defined by the manufacturer. We source the top watch lines from distributors around the world, which gives us the buying power to guarantee authentic, new watches at lower prices. offers many of the major brands you know, at prices that are consistently up to 80% below manufacturer's suggested retail. Shop with confidence at Timepiece Trading! ![]() So confident are we with our low prices that we promise to meet and beat every price! Our overriding goal has always been to ensure the best rates available on the market. The legacy we created was crafted by thousands of satisfied customers who come back to us again and again. It’s all about our dedicated customer service, reliable and free shipping, and liberal return policy. Shop with confidence and know that we guarantee every watch that you purchase! Quality Service Whether you are looking for that classic watch or a trendy timepiece, the selection we offer will satisfy every fashion savvy shopper. Launched with a fiery passion to provide quality watches, quality service and quality prices, Timepiece Trading has become synonymous with nothing less than top quality! Quality WatchesĪt Timepiece Trading we are committed to selling top-branded watches. Timepiece Trading is a leading dealer of one of the finest collection of watches.
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The integrated BIS system offers up to 5.5 stops of stabilization with any lens, including adapted Leica lenses never before stabilized, allowing stills and video to be steadier and helping guarantee sharp images even in low light with slower shutter speeds. The newly developed 47 megapixel full frame CMOS sensor – with an ISO range of 50 - 50,000 – gives photographers all the resolution they need while still maintaining high speeds and versatile low-light shooting. These new technical achievements paired with a large 3.2" rear LCD and the essential Leica three-button control layout make the SL2 the most capable and approachable professional system camera. The new OLEDEVF with 5.76 million dots of resolution guarantees the clearest view and composition through a Leica lens. The new Maestro III processor enables fast burst shooting and 4K for the highest quality and flexibility, and the optional Cine Mode speaks the language of cinematographers who require a professional work flow. The Leica SL2 combines a 47 megapixel full frame CMOS sensor with state-of-the-art sensor-based Body Image Stabilization, to get the best image and video quality possible with all Leica lenses. Retrieved 16 December 2019.The only mirrorless full-frame system camera designed and crafted in Germany, next to the Leica M. ^ "Where's the red dot? Leica releases new M-P Digital rangefinder".^ "Leica M-P (Typ 240): Digital Photography Review".^ a b Fisher, Jim (18 September 2012).^ "Fujitsu Microelectronics and Leica Camera Co-develop Image Processing System Solution for High-end Digital SLR Cameras".Archived from the original on 9 October 2015. ^ a b "New Leica M Uses CMOSIS 24-MP CMOS Image Sensor".Archived from the original on 18 September 2012. ^ a b c d "Leica M – M as in milestone".^ "The new Leica M as a filmmaker's tool – an interview with Leica's Jesko von Oeynhausen".Archived from the original (PDF) on 21 September 2012. The M-P omits the Leica red dot and replaces it with a minimal Leica script logo on the top plate. It harks back to the 1950s and the first M mount camera the Leica M3. The design of the Leica M-P was based on that of the 35 mm film Leica MP released in 2003. The camera was released with the initial price of $7950, a $1000 more than the standard M (Typ 240). It also features weather-sealing for protection against water and dust, its rear LCD is covered in sapphire crystal glass. Featuring a full-frame 24MP CMOS sensor and 2GB of built-in RAM, Leica claims that the new M-P digital is 'twice as fast' as the standard M (Typ 240). The Leica M-P (Typ 240) was announced on 21 August 2014 under the slogan the 'Perfect understatement', the camera was released by Leica two years following the Leica M (Typ 240). In 2019, with the release of a new firmware update the Leica M (Typ 240) was discontinued. The launch event included a "concert by recording artist-and Leica shooter- Seal". The Leica M camera was introduced at the photokina event in Cologne, Germany on 17 September 2012. It is sealed against dust and water spray. The camera uses a MAESTRO image/ video processor which is based on the Fujitsu Milbeaut. R-lenses support an optional electronic viewfinder. The M supports most M-mount lenses and, with an adapter, almost all R-mount lenses. The M uses a CMOS 24-megapixel (6,000 × 4,000 pixels) image sensor designed for Leica by the Belgian company CMOSIS, and made by STMicroelectronics in Grenoble. The M Typ 240 has been superseded by variants such as the Leica M10. There is also a version, the M Monochrom, with a monochrome, rather than colour, sensor. Leica M cameras are made by hand in Portugal and Germany. ![]() The M can use most M- and R-mount lenses. The camera is the first M model to feature movie recording, and the first to have Live View, which allows the scene, as viewed through the lens, to be composed. It was introduced in September 2012, and is the successor to the Leica M9 range of cameras. The Leica M (Typ 240) is a full-frame digital rangefinder camera of Leica Camera AG. Rangefinder and additional color LCD display: 3", 920,000 pixels. Pull 100 available, Auto ISOįocal plane, metal curtains, vertical travel Leica MAX 24MP CMOS Sensor, designed by CMOSISĢ00 to 6,400. Leica M-mount, Leica R-mount (with R-Adapter M) Including relevant photos, graphs and charts, audio and video will add interest and variety and make your video more engaging for students to watch. Media-rich. As they say, sometimes a picture is worth a thousand words. Incorporate a variety of media to convey your message. Organize ideas using bulleted or numbered lists. Use keywords or phrases, expanding on each item verbally in your lecture. Simple and concise. Don’t overcrowd slides with text. Preparing engaging slides, and ensuring they are accessible, is a crucial step in prerecording. You can also embed these engagement opportunities within your video, as explained below. A brief video can be followed with knowledge checks, reflection questions, discussion, or other activities that engage students and monitor their understanding. Breaking down longer lectures into smaller chunks is a good strategy to retain students' interest as they progress through your course content. Research shows that as videos get longer than six minutes, student engagement drops off significantly (Brame, 2015). Ideally, a video is short (6-9 minutes) and focused on a specific learning outcome. Keep your learning outcomes at the forefront as you decide what you will and won't include in your video. Make an outlineįirst and foremost, you need a quality outline, script, or storyboard for each lecture recording. ![]() Preparation is essential to creating quality lecture videos. The following recommendations will help ensure you are equipped to record your lecture. Learn more about using PowerPoint to record lecture videos. Even if you record the entire presentation in one go, you can delete the recording on an individual slide and re-record it. Export your slideshow (again), and the new mp4 file will now reflect the newly recorded slide when it comes up in your presentation. Don't forget to re-upload to your streaming hosting service, such as Mediasite. Love the exported video-except for one slide? No problem. Editing Tipsĭon't like where your video appears on one slide? No problem. After recording, you can move your video to any part of the slide. Because Carmen has a limited storage capacity, we recommend hosting your video on a streaming platform such as Mediasite. Once exported to an mp4 file, you'll have a polished lecture recording. This method is the lowest barrier to entry, and it offers a surprising number of options. You can record your entire slide deck in one go or record each slide individually. Lecture videos can be recorded in PowerPoint, either with or without an accompanying video of you delivering the lecture. Learn more about recording lectures in CarmenZoom. Cloud recordings are automatically deleted after 120 days. The recording can then be downloaded, uploaded to Mediasite for long-term storage, and shared with your students. We recommend the Record to the Cloud option. This option allows you to record and store your lecture directly into the Zoom Cloud and automatically transcribe cloud recordings. However you approach your lecture in Zoom, you will need to select a recording option by clicking the More drop-down list of options. Whiteboard lectures: If you wish to record a Zoom whiteboard lecture, from the bottom toolbar select Share Screen and click Whiteboard. ![]() Slideshow lectures: If you wish to record narration with a slideshow lecture, select Share Screen. There are numerous ways to approach your Zoom video lectures.ĭirect address: If you wish to record a direct first-person address to your students, select Record from the bottom toolbar and record yourself speaking directly to students. Most instructors have become very familiar with CarmenZoom, so it's often a first choice for recording easy lecture videos. Simply start a meeting with yourself and select Record. But below are three options for recording lecture videos that many instructors find useful and attainable. There is no one tool or process for capturing lecture videos your options are virtually limitless. Learn more about virtual whiteboarding tools: ![]() Putting the extra time and effort into developing media-rich presentations can be the highlight of a course for both you and your students-something they will remember long after taking your class.Īdvanced technology and equipment, such as lightboards or virtual whiteboards, can be used to develop multimedia videos. Ohio State provides access to lightboards and recording studios at the Denney Digital Union. This engaging type of video involves a higher level of planning and preparation, but offers numerous benefits to your students. Well-produced demonstrations and visual representations can increase student understanding of important or difficult-to-understand concepts. Students also enjoy learning opportunities that diverge from the typical format, which can increase their investment in course content. ![]() Final Cut Pro is one of the most popular professional video editing software available today. That’s all there is to know about these additional files found on your GoPro’s memory card. It is only when you directly insert the SD card into your computer that you will be able to see them. When you connect your GoPro directly to your computer via USB, these files won’t appear. Why Don’t I See These Files When I Connect My GoPro To My Computer Directly? THM, your phone will notify you saying that the video is not playable and prompt you to create a proxy that can be played – this is the recreation of another. If you do try playing a video on the Quik app after deleting its corresponding. But, as we mentioned earlier, this will affect the playback on your smartphone or GoPro. Note: If you want to avoid the clutter, you can always sort files by type on your PC and delete the. Both these files only take up a fraction of the size of the original video and will not fill up your SD card. Every time you shoot a video with your GoPro, these files are automatically generated and saved on your SD card. You cannot disable the automatic creation of. ![]() MP4 files as your PC will be able to handle playing or editing them. In such a scenario, you can work with the high-res. However, if you are going to view your footage only on your PC, or edit your GoPro footage with a video editing software like Premiere Pro or DaVinci Resolve, you may not require the. These files are essential to the GoPro app and Quik software, which help you preview your video with a lower resolution before exporting it in full quality. The short answer is that you’d be better off if you didn’t. You can rename the extension to JPEG and it will still be viewable on any photo viewer. Note: A THM file actually uses the JPEG file format, but has a distinguishing ‘.thm’ extension that identifies it as an image used for previewing purposes. Unlike LRV files which are exclusively created and used by GoPro action cameras, the THM file extension is an industry standard used by other digital cameras from Canon, Sony, Olympus etc. The THMs also help users easily find specific moments in their videos, while scrolling through the timeline on the Quik app or on the GoPro itself. In addition to the image data, THM thumbnail files will also store additional metadata such as the camera settings and date/time. THM files are quite small at just 160×120 pixels and take up only a few KB of space on the SD card. These thumbnail image files are compressed and saved as image data so they load quickly when browsing through multiple video thumbnails. This is created by using a single frame from the video, and will be displayed on the GoPro’s LCD screen or your smartphone when browsing your video library. ![]() Your GoPro camera automatically generates a thumbnail (photo preview) of your videos. Keep in mind that the video resolution will only be 240p, and if upload speed isn’t a problem it’s better to just upload the original and let YouTube/Facebook/Twitter etc. Once the file type is changed and the video is playable, you can also use this version of the video to share on social media or email to save on data. If it’s the same as the original high-res MP4 file, you could end up overwriting that with the low resolution. Note: If you do change the file type, remember to give the file a different name as well. MP4, you will be able to view it on the likes of Windows Media Player or VLC. However, if you rename the file extension to. Most PC/Mac video players or mobile apps other than Quik (or the discontinued GoPro Studio) don’t recognize or support the playback of. This lower resolution video is a lot easier to work with and can be played quicker and smoother on your phone’s Quik app. MP4 video (this figure depends on the frame rate and resolution that the original was recorded in). This is where LRV files come in.Īn LRV video has a 240p resolution meaning it is typically around 5% the size of the original. Trying to stream a video this large from your GoPro onto your phone will is limited by the WiFi connection between the two devices, and it’ll also burden the phone’s CPU. This will generate a file about 900MB in size. It’s used for previewing videos on your phone using the Quik app.Īssume you shoot 2 minutes of footage at 4K30fps with Protune on. LRV file?Īs mentioned, the LRV file is a low-resolution copy of the video. Lrv and thm files ensure smooth video previews and fast-loading thumbnails What is a GoPro. ![]() ![]() Security is another important point of Google Duo, you can share your precious moments together without worrying about the security of your data. Just you need to tap on the nine-dots square in the top-right corner, you can access all other services. While using Google Duo on the web, you can switch to other Google applications, or you can use them simultaneously like you can open a calendar, you can view keep notes, you can access all other Google products. Moreover, it automatically switches between Wi-Fi and cellular networks. Also, Google Duo uses WaveNetEQ for the concealment of lost data packets. ![]() It uses WebRTC and QUIC over UDP for low-bandwidth. So no message will be dropped if you are using Google Duo web for video calling. Google duo uses a very decent quality network balancing technique if your friend or recipient is in a low-network area, still Google duo balance the network, you may observe a little buffering or lagging in the video but audio will be clear and sharp. Moreover, if you make a call and Knock-Knock is enabled then your recipients will also know who is calling them. And it is the best way to know who is calling you from another side. This is a very helpful feature when you receive unknown video-calls through Google Duo. Knock-Knock is one of the quite useful and best features of Google Duo Web, by enabling Knock-Knock you can see the live preview of the person who is calling you. ![]() Record a video message using Google Duo, moreover, you can use some animations and effects to make your video message more attractive and loving. You can send video messages to brighten up someone’s day. Suppose someone has called you on Duo and at that time you weren’t available to answer so you can leave a voice message to inform them that you are available now to join the call. Using Google Duo you can leave a message or Voice note to your friend, informing them that you are missing them. Make one-to-one callingįind who is available to receive a call or invite your friends to join the call on the Google Duo web. Google Duo web also supports Voice calling, if you do not have recharge in your phone and connect with the Internet through Wi-Fi, so Google Duo helps you to make voice calls, It offers an extreme quality clear voice calling. However, it is slightly different from Google Hangout. As it is Google’s very own video calling product with numerous features and functioning and well-reputed too as because of Google’s Branding. Google Duo is in high demand and getting immense popularity all over the World. Google Duo is a safe and secure way to stay connected and to enjoy the moment together. In such a situation, video calling is the only option to stay connected and safe. Due to this coronavirus pandemic, we all are separated from each other, most of the people are out of station either they are a Corona-Warrior or they were gone to another city before the lockdown due to some work and now stuck there, they can’t get back to the home until lockdown ends. You can connect with your family and loved ones for free, no matter where you are, how far away from them, just a few clicks, and you are with them, having a face-to-face conversation. With Google Duo, video calling has become so simple and affordable too, as it only requires a stable internet connection and nothing much. The duo is gaining much popularity thanks to its ease of use, very stable quality even in poor connections, and quite a simple user interface. Google duo is Google’s very own video calling product. ![]() We understand that digital planning isn’t for everyone. I could use a regular iPad with a compatible stylusand it’s a very good alternative, and much cheaper too. You don’t need the latest iPad Pro and Apple pencil. It’s also good for the environment!Ĭhances are if you’re looking to get into digital planning, you will notice everyone seems to be using an iPad Pro and an Apple pencil. There are many benefits to digital planning such as being able to edit text easily, erase mistakes easily, and have everything you need from pages to digital stickers all in one place. ![]() Using a digital planner can be just as beneficial, if not more so than using a paper planner. They can be used on any of these popular annotation apps on both iPad and Android. In this article, we show you the best digital planners for 2023 and explain what they are and how to use them.ĭigital planners are specially designed pdf format documents that are used along with an app such as the GoodNotes app, Notability, Noteshelf, Onenote, or Xodo. Best of all, they’re all totally free!ĭigital planners are a great option if you are considering going paperless this year and it can be a fun way to organize. The Planners and Worksheets sections are not available in the Templates menu within a note.See the very best digital planners for 2023 and the features that you need to plan everything you do in style. The planner or worksheet will appear in your Library as a new note.Select the item you'd like to download and select "Create.".Scroll through the Templates menu, which includes a Planners and Worksheets section.Navigate to your Library and tap on the Templates button, located on the bottom right corner, above the new note button.Navigate to "Notability Settings > Document > Default Template > Edit" to set a default template that will automatically apply to all new notes. This template can be located in "My Templates" under "Custom Templates.".For Mac, right-click on the desired page and click "Create Template.".On the desired page, tap the icon > "Create Template.".While in a note, open the Page Manager by tapping the icon.Creating a template from an existing note If you want to use the same Template on other devices, you will need to download the Template from the Gallery on that device. Select the template and tap "Create" in the top right corner.ĭownloaded Templates from the Gallery are stored locally on your device.The template will appear under your "My Templates" section under downloads.Select "Save Template" > "View Template". ![]() Many options are available under "Topics > Templates."
![]() ![]() Also, while I appreciate the option that allows the Microsoft key to be interchangable with ctrl for edit operations and find, it doesn't seem to work consistently, and as everyone who has ever switched back and forth between the Windows and Windows knows, confusion over which meta key to use in editing will eventually cause brain damage and is likely to send hardware on ballistic journeys through windows (not Windows). So properly-speaking, this probably a complaint about the service and not the client app, but the entire eco-system is failing me in small ways. Now, I'm sure there really IS such a way, but the internet is not my friend in helping me find it. Since there are some operations that cannot be performed via RDP - attaching to a VPN being one of them - it would be nice if I could just leave the PC logged in and operate it via Remote Desktop at the same time. This works reasonable well except that the Remote Desktop Service on the PC requires that I can only be logged in either via the Remote Desktop app OR the PC itself. I don't want to keep changing physical keyboards, so despite the fact that the two physical machines are next to eachother beneath my desk, I use remote desktop to view and operate the PC while working on the Windows. Getting Started Configure your PC for remote access first. Chrome OS Discover AnyDesk for macOS Your Remote Desktop Software for Mac Secure remote connections Super-fast and stable performance Intuitive client setup Cross-compatibility between different operating systems and versions Dark mode included Flexible license model Download Now Other Versions See all supported operating systems. (If you skip this step, you can't connect to your PC.) Add a Remote Desktop connection or a remote resource. Set up your PC to accept remote connections. ![]() The app helps you be productive no matter where you are. Follow these steps to get started with Remote Desktop on your Mac: Download the Microsoft Remote Desktop client from the Mac App Store. I have a specific usage case - I work in a multiplatform environment in which I work on the Windows and on the PC. Free Get in Store app Description Use the Microsoft Remote Desktop app to connect to a remote PC or virtual apps and desktops made available by your admin. Look up the address before you go as the shop is tucked away in the back just off MLK Jr. I happened to be staying near the Portland airport for one night and had to swing by. I met Shad earlier this year in SoCal and had just learned he was a bike shop owner in Portland, OR from GAry. Boulevard, Suite O, Portland, Oregon, 97212 If you're lucky you may spot this Monster Energy Honda NSX in the parking lot.Īddress: 2808 N.E. If Steve isn't busy lacing up some wheels or helping other customers he will gladly hang out and chat BMX as you look around.Īnother one of my passions is exotic cars. You may also spot the mobile quarter parked out back. One of my favorites, Eddie Fiola watching Brian Blyther air at the Pipeline.Īs you enter the shop look through the door to the left and check out the ramps built by Chilly at. Some truly great legends as well as some awesome personal shots. Spend some time in the vestibule and check out the history Danny and Steve have witnessed. Part of Jeremy Moser's Rad Museum collection Mike Miranda's actual bike from the movie Rad, restored by BMX Museum's Harossa (Restoration Nation in BMX Plus!)Įddie Fiola's GT Peformer, also restored by Harossa Once inside you'll find a great mix of BMX history and new school rides. Bring home one of their cool Dunkin Donuts t-shirts too. Pretty smart! Take my photo tour then stop in and say hi next time you're nearby. By locating the shop where it is, the new owners are free to hold evening gatherings and weekend events without disturbing neighboring businesses that would otherwise be open to the public. One of my friends commented that they're a little out of the way and seemed like an odd location to re-establish the old icon. The new shop is about half a block off Lincoln Ave. ![]() If you're making a trip to Southern California to visit Disneyland or Universal Studios, you've got to add a stop at The Bicycle Source to your itinerary. RL Osborn and Mike Buff hung out their regularly and Steve Blackey probably worked on their bikes more than once. If you're old school BMX then you remember their stickers plastered on bikes and their ads in the magazines. ![]() Hours: Tuesday through Sunday 11:00am to 6:00pmĮ-Mail: Steve Blackey, Dan Hubbard and Gary Raagas ![]() This is why, in the first instance, you ended up with both "BeastHHBB - CRF Ai Overhaul and OBiS patch" and "BeastHHBB - CRF and Ai Overhaul patch".Ī separate but related question is why those mods are showing up even after you've disabled all the patch mods. This is because the state of the mod itself is an implementation detail of Mod Organizer the information exists in MO's INI files and nowhere else.Īs a consequence of the above, as long as any mod activates a plugin, all mods containing that plugin will show up as face previews, whether they are ticked in Mod Organizer or not. There are a few things going on here, so I'll try to lay it out for you in a logical way.ĮasyNPC knows which plugins are active, and which mods are in your mod directory - but it does not know which mods are active. I'd check the plugins tab in MO if you're running a recent version, clicking on the plugin once on the right will highlight the matching mods on the left in purple, and also show lines in the scroll bar to give you a visual indication of where they are. The app definitely will not find any plugins that are not actually in your load order. EasyNPC can't actually tell which mods are active in Mod Organizer (at least, not until #10 gets some work), it has to make assumptions based on which plugins are active and where those plugins happen to be found in your mod directory. ![]() And both mods show up in the previews section because they both include that plugin which is in your load order. So the plugin might be showing up because you have two copies of the same mod and maybe forgot about one. One named "BeastHHBB - CRF Ai Overhaul " and one named "BeastHHBB - CRF and Ai Overhaul ". Looks to me like you have two different mods installed with the same plugin. ![]() (Note: There was an issue, a few weeks ago, with a version that has now been deprecated, where it would actually pick Northbourne as the primary for some of these male NPCs, for various reasons that I won't get into here, but that was solved some time ago, so the only reason it would look like that in the profile right now is if the first time the app was run used the "bad" version and hasn't been reset since then - or if the default was manually changed.)īeta Was this translation helpful? Give feedback. Highly recommend you take another look at the Getting Started guide, fix those problems, and reset your profile from the Maintenance tab, otherwise you won't get very good results. In both cases, you're going to have a bad time. Incidentally, and not related to this bug specifically, I can also see that you've got overhaul patches installed while running this (Pandorables with AI Overhaul), and you've selected an overhaul (Northbourne) as the default source. Rename the mugshots folder to match the mod name. ![]()
![]() ![]() Great underwriters blend quantitative analysis with qualitative, forward-looking judgment about how exposures are likely to change. The main supply dynamics are other companies exiting and entering the market or adapting their own appetites, whereas the main demand dynamics include changing perils and coverage needs, evolving exposure traits, and new business models. Portfolio steering: Right place, right timeĪcross the portfolio-and within subsegments and industries-great underwriters have a clear view of the sweet spot from which they can profitably underwrite risk. Regardless of these differences, we believe that underwriting excellence has five common and essential building blocks (Exhibit 2). Beyond SME, midmarket, and large clients, many other “segments” have their own unique underwriting requirements-including programs or managing general agents, binders and delegated authority, wholesale, London markets, non-P&C coverages (political risk, surety), and industry-centric products such as environmental, construction, marine, cyber, and energy, among others. Midmarket accounts (those with premiums of $50,000 to $300,000) are often bundled to meet industry-specific needs but without the same level of bespoke customization as large accounts. As such, they require a lighter touch than large-account underwriting to be cost effective, yet they also demand more analysis and structuring than simpler SME accounts. Midmarket companies occupy a unique and sometimes confusing position between large and small accounts. Large corporate accounts have more bespoke coverage needs, so successful underwriting encompasses rigorous risk selection, creative but prudent coverage design, and limits management. For instance, SME coverage needs are relatively standard, so simplicity and automation are critical success factors. Underwriting operating models vary significantly based on industry, region, client size, and product. There is no “one size fits all” formula for success. Underwriting performance is also influenced by exogenous factors, such as the business development activities with distribution partners to generate consistent and attractive submission flow. Great underwriting cannot compensate for unfavorable conditions. It requires a comprehensive set of capabilities across hard and soft skills, qualitative judgments about future industry performance, and rigorous portfolio management to avoid markets where even When seeking to improve performance, it is important to recognize that underwriting is more than risk selection and pricing. Some insurers have a great reputation for their underwriting capabilities-as reflected in their underwriting results-while others struggle to achieve consistent quality. Making transformational investments to reinvent the role of underwriting has never been more important. ![]() ![]() Underwriting has historically been slow to change, yet clients-and the perils they face-are rapidly changing. Of course, making this shift is much easier said than done. Collectively, these building blocks and enablers are the foundation of underwriting excellence. Organizations must adapt to incorporate these technologies while also focusing on critical enablers such as distribution, culture, digital, and strategy. As technologies such as big data, advanced analytics, and artificial intelligence continue to advance and new applications emerge, each of these building blocks will evolve and become increasingly more data driven. Requires a relentless focus on five essential building blocks: portfolio steering, pricing adequacy, risk selection, capacity optimization, and coverage design. These observations have shown that underwriting excellence Over the past decade, we have witnessed both successes and shortcomings in underwriting improvement programs. Further, achieving and documenting improved results in underwriting performance can take up to several years. Risk outcomes are not binary-policy wording and exclusions might seem straightforward until they are challenged by litigation and subject to interpretation. This heterogeneity is even true in the small and medium-size enterprise (SME) category, where thousands of microsegments can each have unique risk profiles and face different hazards. Compared with retail personal lines, commercial exposures are heterogenous, intermediated, and often qualitative. Achieving underwriting improvement can be a Herculean task. |
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