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Artificial intelligence: The answer to underwriter fatigue

Technology has created a powerful next generation of underwriters equipped to handle the challenges of the new world.

By Elad Tsur | April 18, 2022 at 12:00 AM
Traditional commercial insurance underwriting is an extremely time-consuming, hands-on process. (Quality Stock Arts/Adobe Stock) Traditional commercial insurance underwriting is an extremely time-consuming, hands-on process. (Quality Stock Arts/Adobe Stock)

The insurance industry relies on accurate underwriting to remain profitable, and underwriters have always relied on data to make decisions.

In today’s digital world, there is more data available to the underwriter than ever before. This is both a blessing and a curse as underwriters typically have to rely on outdated and generalized research methods to sort through mountains of information.

 

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