Underwriting

Life and health insurance can improve the underwriting experience using AI-driven facial analytics … and a simple selfie photo.

Investments in AI are expected to save auto, property, life and health insurers almost $1.3 billion in 2023, up from $300 million in 2019. 

Customers want to be onboarded not in days but in minutes. They are no longer willing to wait for weeks and months to settle claims.

74% of insurance executives plan to increase investments in AI. Insurers that seize this opportunity early will have a critical advantage. 

The industry kids itself about having gone paperless. In fact, we still use the same processes we used in the 17th century. It's time for a change.

In commercial insurance, customers and providers can look forward to an improved experience as the market shifts toward online channels.

For all the undoubted benefits of automating insurance pricing, experience shows that success isn't just about throwing technology at a problem. 

Automation allows commercial underwriters to focus on more complex risks, while leaving routine applications to be handled by machines.