Munich Re report: The future is augmented automated underwriting
/A new report published by Munich Re Automation Solutions offers some ideas on innovations in automated underwriting. The report outlines challenges faced by the insurance industry and discusses how augmented automated underwriting will support growth and prosperity for companies.
The paper examines:
How augmented automated underwriting develops technology that already exists, rather than asking companies to start from scratch
The ways in which analytics, predictive modelling and machine learning modify the underwriting process and improve the customer experience dramatically
How augmented automated underwriting may be the only logical place for insurance underwriting to end up
Regional regulations and how these affect uptake of services
How underwriters can justify decisions made by technology after the fact
