The future of life underwriting
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This research from Insurtech Insights and thinktum reveals how data, analytics and automated processes are changing the game in life underwriting. In this report seven life insurance leaders representing incumbents address the following questions:
- How are technology and data changing underwriting?
- What are the challenges that must be overcome to progress on the roadmap?
- How does underwriting innovation help improve the relationship between insurer andcustomer?
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About
Today’s market conditions present opportunities for life insurers: following the pandemic, there has been a rising demand to power growth, and for insurance to play a more pivotal role in the lives of its customers. Underwriting is crucial to both endeavours yet the business of life underwriting has remained relatively unchanged for decades, with a heavy reliance on manual processes.
The growing availability of data and insurers’ ability to extract value from data has enabled faster progress and deploying more automation.