Whitepaper: Transforming Commercial Underwriting with AI-Powered Digital Coworkers
Build operational efficiency, significantly improve quote-to-bind ratio and generate more revenue
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In today’s insurance markets, speed is critical. For brokers and their clients, the best quote is the first quote. InsurTech's and inhouse teams alike are responding to market pressure by using AI to build a competitive edge.
Right now, AI is powering underwriting teams with the capability to ingest, analyze and process highly variable, highly unstructured data – policy documents, emails, demand letters etc. – with speed and accuracy unimaginable even a few years ago.
A recent Accenture/The Institutes survey* of underwriters reported a loss of >40% operational capacity due to manual entry and reworking of underwriting data.
Time spent on non-core underwriting tasks related to document processing can severely impede underwriters’ ability to win business. Moreover, inefficient traditional document processing methods are having severe downstream effects, including reduced worker engagement and talent retention.
Our new publication, Transforming Commercial Underwriting with AI-Powered Digital Coworkers, breaks down underwriting challenges and highlights the areas that AI - specifically Digital Coworkers leveraging Generative AI - can drive up to 99% improvement in data extraction for critical underwriting functions, such as loss run processing.
Use the form to download your copy of the whitepaper today.
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