Underwriting

Speed-driven consumer expectations are forcing life insurers to abandon legacy underwriting and adopt digital solutions.

83% of insurers view predictive analytics as "very critical" for the future of underwriting, but just 27% say they have the necessary capabilities. 

While many insurers attempt actuarial transformation, most fail by prioritizing technical solutions over organizational communication.

AI is shifting into higher gear, transforming insurers from product providers to real-time risk managers.

AI is reinventing how insurers assess, predict, and manage risks, turning a static process into a real-time, dynamic system.

Many insurers lack a complete view of risk due to outdated, siloed systems that force underwriters to manually formulate risk analysis.

Insurance industry shifts to Underwriting 2.0 as data analytics reshape traditional risk assessment practices.

Agentic AI is emerging as insurance carriers' solution to operational underwriting constraints in a talent-starved market.