Underwriting

Could AI factories remove the need for insurers to have their own underwriting, policy administration, or claims processing units? 

AI is automating workflows, improving risk assessment, reducing claims costs, and accelerating decision-making.

Continuous underwriting enables insurers to monitor individual risks and portfolio trends in real time and alert clients.

Automation and technology-enabled "flow" processes open up a $350 billion market, primarily made up of small and medium-sized businesses.

AI adoption in insurance accelerates as executives embrace real-time analytics and specialized technology for improved operations.

Generative AI assistants are transforming commercial underwriting by automating tasks and enhancing risk assessment capabilities.

The insurance industry has a pivotal opportunity to redefine itself. By prioritizing transparency, insurers can address premium leakage while restoring trust.

Mobile-first solutions and visual AI are making processes faster and more accurate for insurers.