Underwriting

Amid disruption, insurers would be wise to get in front of the curve by taking steps to improve underwriting and increase profitability.

Three opportunities present themselves, in UBI, in leveraging external data and in exploring real-time data.

Insurers can access this workforce to scale back on costs -- and on-demand workers are a market for various insurance products.

Insurtech provides important opportunities in three areas: underwriting automation, connected devices and cybersecurity.

The absence of risk profiling in most commercial insurance transactions globally leads to under-insurance or non-insurance.

Faster actuarial answers are needed to meet the growing demand for quick product development, testing and rollout.

Profiling clients’ risks before recommending insurance reduces conflict-of-interest perceptions surrounding issues like sales commissions.

Bad valuations cost underwriters $7 billion a year on business interruption insurance -- but third-party data can end the problem.