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Of course, no matter how good underwriting systems become, some types of risk will always require at least an element of manual underwriting. Inputs from specialists in niche areas cannot be satisfactorily replicated by even the most sophisticated AI. In those situations, it makes sense for an expert to examine the nuances of the risk, but they too should be backed by a solid analysis of the data, if only to provide a baseline. (Credit: kras99/Stock.adobe.com) Of course, no matter how good underwriting systems become, some types of risk will always require at least an element of manual underwriting. Inputs from specialists in niche areas cannot be satisfactorily replicated by even the most sophisticated AI. In those situations, it makes sense for an expert to examine the nuances of the risk, but they too should be backed by a solid analysis of the data, if only to provide a baseline. (Credit: kras99/Stock.adobe.com)

The hype about technology, analytics and the untapped value of data in the commercial insurance space is finally bearing fruit for a wide range of carriers. Tech-enabled, data-driven, automated underwriting is delivering multiple benefits. These include:

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