Tag: automated underwriting

Sapiens International Corporation has introduced the latest version of its automated underwriting and new business case management platform, designed specifically for life and annuities insurers.

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.

Munich Re Automation Solutions Ltd has entered into a significant business relationship with American Family Life Insurance Company, marking a pivotal shift towards cloud-based...

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.

Transitioning from a transaction-based model to a service-enabled platform economy is at the heart of the digital life and health insurance landscape.