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The (Unbelievable) Cost of Legal System Abuse

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ITL's weekly Six Things newsletter is curated by Editor-in-Chief Paul Carroll and features top articles from leading voices in risk and insurance. Each edition also includes Paul's insightful analysis of key trends.

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ITL On Demand

 ITL On Demand is a webinar program focused on important opportunities for innovation in risk management and insurance. Moderated by ITL Editor-in-Chief Paul Carroll, the webinars draw on experts from across the industry, from promising startups to the largest incumbents. Hot-button topics include blockchain, AI, telematics and IoT — and their potential to slash costs while opening new markets for companies across the insurance ecosystem.

 

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ITL Focus: Underwriting

This Month's Focus Topic 

underwriting

While I’m generally allergic to the terms that consultants concoct—“decisioning" can take a long walk off a short pier—I’ve come to like a recent coinage: the “zero office.” It’s highly appropriate for this month’s focus on underwriting. 

The “zero office” refers to the idea that AI can take over all the functions of the back office, including at insurance companies. A “zero office” would not only provide radical efficiency but let underwriters operate closer to the speed that customers increasingly demand—and that competitors will provide if you don’t.

 

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