Underwriting

Embracing automation is key for underwriters to keep pace with the industry's growing demands for advanced risk assessment solutions.

Large language models will let insurers onboard, renew and service risks at close to zero marginal cost, underpinned with consistent control over risk selection. 

Technology is getting more sophisticated about all parts of the process, from targeting prospects for ads all the way through paying claims.

The future is looking bright thanks to AI and business rules engines, which greatly reduce menial tasks and let underwriters take on more strategic issues.

Finding the right partners allows for new business models and improvements in core competencies, accelerating growth. 

We’ll see a level of collaboration — and efficiency and transparency — that we’ve never seen before. 

Here’s why I believe the insurance industry should look at the exodus of underwriting talent as an opportunity instead of a crisis. 

While fraud detection has historically been a manual process relying on human analysts, technology can now automate and enhance the work.