Automation transforms re/insurance processes

Even after years of experience, senior underwriters can still spend a large part of their day doing the administrative tasks that they were taught early in their careers. AntWorks, a global artificial intelligence (AI) and intelligent automation company, can transform the way they spend their time. "All the rules and learning are completely discoverable, addressing concerns often held about AI and RPA technologies." "In your first weeks of work you may have been trained to recognise insurance slips and documents that brokers might present to you as an underwriter," said Mike Hobday, AntWorks' senior vice president for Europe. "You would be trained to understand the data you need to extract, to think about the standing of the broker and the nature of the risks. You might even make some calculations and underwrite the offered risk by entering data into the core systems of the business. "As a very senior and experienced underwriter, there might still be a large part of your day spent doing the administration you were taught in those earlier days.