How is AI changing underwriting?
Digital Insurance
Independent reporting on insurance's digital transformation and the insurtech startup community.
Underwriting is both an art and a science based on vast amounts of data collected from a wide variety of sources. As part of the process, underwriters consider different factors depending on the type of coverage involved, which can include property & casualty, life, health and workers’ compensation to name a few.?
The use of AI and other technologies to assemble and assess data is allowing underwriters to expedite their assessments and pricing, so the premiums and coverage are appropriate to the risk. These factors help to improve sales and customer service and enhance the value of coverage in multiple areas. This week, we look at how AI is impacting various lines of insurance and improving the underwriting process for all.
Customer Success | Digital Transformation | Project Implementation | IT Sales Executive | Cloud Computing | AMS
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