Revolutionizing Commercial Insurance Underwriting

The integration of alternative data, AI, and machine learning into the underwriting process enables insurers to accelerate underwriting in ways that were previously unimaginable:

• Faster processing: By automating data collection, underwriters can reduce document review by around 80 percent.
• Improved customer experience: If a faster, more convenient underwriting process were available, insurers could reach 45 percent more applicants.
• Reduced costs: By reducing the need for manual data collection and analysis, automating portions of the underwriting process lowers operational costs by up to 30 percent.
• Increased capacity: Faster underwriting allows insurers to process more applications in less time, increasing delivery time by up to 80 percent.