Underwriting

insurers will provide more accurate underwriting, efficient claims processing and a personalized customer experience.

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.

Life and health insurance can improve the underwriting experience using AI-driven facial analytics … and a simple selfie photo.

Investments in AI are expected to save auto, property, life and health insurers almost $1.3 billion in 2023, up from $300 million in 2019. 

Customers want to be onboarded not in days but in minutes. They are no longer willing to wait for weeks and months to settle claims.

74% of insurance executives plan to increase investments in AI. Insurers that seize this opportunity early will have a critical advantage. 

The industry kids itself about having gone paperless. In fact, we still use the same processes we used in the 17th century. It's time for a change.

In commercial insurance, customers and providers can look forward to an improved experience as the market shifts toward online channels.