Insurance companies have an inherent bias towards resisting any fast, comprehensive changes. Even within the business value chain, the underwriting business function moves the slowest and puts up the biggest fight against change. But with the swarm of new technologies like Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and Automation, the insurance industry will go through its most disruptive phase ever. And underwriting will go through the most substantive disruption since the advent of Actuarial/Underwriting Tables.
Click here to read the article (Attached PDF)
Click here to visit Banking Frontiers