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Historically, underwriting has been pivotal to the entire insurance industry. Historically, underwriting has been pivotal to the entire insurance industry. (Shutterstock)

Underwriters are charged with the essential job of analyzing and assessing risk so that insurance policies are priced appropriately.

Ironically though, there’s been some recent discussion about a shift away from the underwriter, with technology driving this shift. Certainly, technology has taken over formerly human tasks in underwriting, as it has in many roles across industries. In areas where the underwriting process is straightforward — for example, in personal lines where key data points include the insured’s age or whether he is a smoker— a lot can be automated. Automation technology can even go so far as to rate and price the policy and send back a quote, all without a human ever having to touch it.

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