The Underwriter’s Gambit Part 2: Algorithm-Led Advances in Complex and Specialty Risks

In Part 1, underwriter workbenches were described as platforms to support underwriters in making complex decisions at speed and with confidence. Workbenches come equipped with relevant insights about clients and the risk being underwritten, along with a modern user interface to enable frictionless data flow. Historically, underwriting has been a nuanced aspect of insurance, seldom […]

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The Underwriter’s Gambit Part 1: A New Workbench

During last year’s lockdowns, a 35-year-old New Orleans resident went online, and in the time it took to finish his freshly brewed coffee, he secured a $750,000 life insurance policy. Until recently, the same policy took over a month, requiring a battery of medical tests. The life policy was purchased from a new age life […]

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AI- hot water for insurance incumbents, or a relaxing spa?

The parable of the frog in the boiling water is well known- you know, if you put a frog into boiling water it will immediately jump out, but if you put the frog into tepid water and gradually increase the temperature of the water it will slowly boil to death.  It’s not true but it […]

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Is Lack of Trust a First Order Function in Narrowing the Insurance Protection Gap?

image The Geneva Association released an ambitious discussion of trust and its effect on insurance transactions, particularly in the perspective of well-known ‘protection gaps’ that are pervasive across many lines of insurance within mature economies.  Is, as Jad Ariss, Association Managing Director notes in the publication’s foreword, a “lack of trust fundamentally impeding insurance demand,” […]

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