Center of Excellence Insurance Underwriting Unstructured Unlocked Underwriting exec explains how applying technology to insurance underwriting processes keeps brokers happy January 12, 2023 by adamdev In technology circles we talk a lot about how tech can make your employees more efficient, reduce costs and the like. Certainly valid points. But perhaps we donāt talk enough about the affect technology can have on the public face of your company, by making life easier for your clients and customers. This was a […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked How to address the talent shortage in the insurance industry January 5, 2023 by adamdev During a recent episode of our Unstructured Unlocked podcast, insurance industry veteran Steven Weiss mentioned the industry is expected to be short about 100,000 people in just 2 to 4 years. It strikes me that this means the insurance industry has to do two fundamental things: increase its talent pool while also increasing the productivity […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked An expert view on automating the insurance underwriting submission process December 27, 2022 by adamdev On the latest episode of my Unstructured Unlocked podcast, I had a guest with deep insurance underwriting experience who painted a picture of an industry in almost desperate need of automation to make up for a challenging combination: a highly manual process and a lack of experienced people to perform it. But heās also optimistic […] Read more Ā»
Insurance Insurance Underwriting Intelligent Document Processing Deloitte survey shows technology plays a key role in insurance underwriting modernization December 7, 2022 by adamdev Itās clear the insurance underwriting process is undergoing significant change, with technology playing a starring role, and for good reasons. Insurers need to automate the underwriting process in order to keep quote ratios healthy, while taking advantage of new data sources at their disposal. Deloitte wrote about the underwriting automation issue some time ago, in […] Read more Ā»
Insurance Insurance Underwriting How to speed up insurance submission triage and reduce underwriting leakage with artificial intelligence October 26, 2022 by adamdev A good part of the reason commercial insurance companies suffer from underwriting leakage is because examining each broker submission takes too much time. A solution lies in using artificial intelligence to help automate the insurance submission triage process, enabling the same staff to handle more submissions. The traditional submission triage process is highly manual. An […] Read more Ā»
