Top 4 Technologies that Improve Underwriting in 2022

Insurance industry that operated with low profit margins, is facing increased competition both in terms of price and time to serve. This approach resonates with customers as 85% of customers want to buy insurance policies more quickly. How can insurers keep up? To keep up, Insurers are renewing their underwriting departments to price risk better and in less time. We explain why insurers must renew their underwriting approach and introduce four key technologies that enable more effective underwriting.