Automating Underwriting to Increase Direct Sales

Priyanka Chaturvedi

The insurance industry is maturing in its digitalization due to customer demand, regulatory compliance, and the presence of digital devices. Today, the technology available in insurance can help improve operations and enhance the customer experience. Underwriting is one area ripe with opportunity to create efficiencies, reduce costs and improve service with automation.

In this paper, you’ll learn how artificial intelligence (AI), RPA, Cognitive Computing, and various data analytics technologies can help intelligently automate underwriting in order to provide a quality, accurate and hassle-free experience. Explore the challenges of traditional underwriting, key levers in automation, how to digitize the underwriting value chain, and how this can positively impact direct sales.