Digital Revolution Reaches Underwriting

The digital revolution in insurance, which began in distribution and then spread to claims, has now reached underwriting in a big way.

There are two consistent themes:

1) Advanced Al and ML technologies, paired with big data and sophisticated risk models, are fundamentally shifting the way underwriting is done.

2) Insurers are leveraging low-cost, cloud platforms that are built for scale and agility with new business models.

In this article, we will explore those two themes and show how digitization streamlines the underwriting process for a more efficient and sophisticated outcome.