In a survey conducted by Accenture and The Institutes - personal, commercial, specialty and reinsurance underwriters reported 40- 45% of their workday was spent on tasks “not core to the underwriter’s role.”
Important as this figure is to recruiting and retaining the best underwriting talent, it directly addresses bigger challenges facing insurers that are under intense pressure to:
- Increase productivity, expand analysis and improve operational efficiency
- Build and develop vital relationships with brokers and their clients
- Win business and drive revenue.
Deployed effectively, Digital Coworkers and other innovations in AI for Underwriting are essential to competing in today’s middle- and large insurance markets.
During this 60min roundtable discussion, our expert panel discussed the present state of insurance underwriting to offer insights, guidance, use cases and strategies for helping underwriting leaders:
- Identify areas of the underwriting process that are key drivers of inefficiency and downstream revenue loss
- Highlight AI tools and implementation best-practices that insurers are using today to create underwriting success
- Explore future growth opportunities made possible by AI for underwriting
- Evaluate all factors of the “build or buy” dilemma for implementing AI for underwriting
If your business’ underwriting teams are using AI or are you are considering automation to solve your underwriting challenges, we encourage you to make time for this event.
Please use the form to watch the on-demand roundtable discussion.
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