Perspectives

Insurer of the future

Technology is shaping the future of underwriting

Overview

The future of insurance is not only exciting, but also transformative. Emerging technologies such as robotic process automation (RPA), artificial intelligence (AI), and advanced analytics are enabling insurers to:

  • Remove manual underwriting and pricing activities
  • Improve underwriting predictability and profitability
  • Provide greater service and transparency to brokers and customers

In this video, we look at how automation in underwriting can help insurers streamline policy creation and servicing, minimize manual errors, and reduce time to market.

The future of underwriting will be enabled by:

  • Third-party and alternative data
  • Analytics & cognitive technologies
  • Digital technology and the Internet of Things
  • Robotics

See how technologies can help insurers better evaluate risks and tailor products to meet changing customer demands. By embracing digital technologies, underwriters can offload administrative tasks and focus on strategic, complex risks where expert advice is needed.

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