Article Archives - Page 2 of 3 - Insurance Quantified

Defining Insurance Underwriting Roles in a World With AI

Technology has modernized a number of industries – but insurance underwriting stands out as an area that has remained relatively underserved by technology, still largely taking place between the inbox and Excel. But this doesn’t have to be the case. Recent years have seen the rise of modern tools that incorporate AI and machine learning methodologies to expand opportunities for underwriting.

Overcoming Fear of Change: How Effective Onboarding Fuels Success with Underwriting Technology

The insurance industry has been slow to adopt technology overall, and for good reason. Insurers have been burned time and again by technology projects – they overextend, underperform, misalign or simply don’t move fast enough. Onboarding plays a big role in this. When executed well, onboarding supports firms in making the most of their investment.

“I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.”

The business benefits of responding to all submissions go beyond cementing a reputation for being timely and responsive. It also unlocks the opportunity to quote more business and thus write more premium, as innovations like easier access to data and smoother workflows facilitate a more scalable underwriting process overall.

Practical Data Science: Key Principles for Maximizing and Integrating Data Science Across the Business

In the last decade, data science has gone from being named “the sexiest job of the 21st century” by Harvard Business Review to threats of these jobs being replaced altogether by recent advancements in LLMs as popularized by ChatGPT. But data science can play a very important role in driving business impact.

The Combine Harvester for Commercial Insurance Carriers

Informed Decisions, Better Experiences: Realizing Data-Driven Efficiencies with SubmissionIQ

Samantha Cowley, Director of Underwriting Operations at the International Transportation & Marine Agency (ITMA), sat down with Insurance Quantified for an insightful discussion on how SubmissionIQ has contributed to increased efficiencies across her team and material improvements to their daily work.

Transforming Commercial Insurance Underwriting with AI

In this two part series, Groundspeed shares some of our products' AI functionalities as well as business impacts and how our AI product can help commercial insurance carriers.

The Importance of Timely, Accurate Data in Commercial Insurance

In the insurance industry, a common pain point is access to the information needed to make decisions and run the business. David Daniels, EVP and Director of Product Development & Innovation at MiniCo Insurance Agency, a Jencap Company, reflects on his career in insurance and discusses the opportunities he sees for data and technology in this Q&A with Insurance Quantified.

The Underwriter’s Edge

Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each product can bring on new complications. Combine these challenges with an industry talent crisis, and it has never been more difficult to position your underwriting function for success.

Building Up Underwriting Talent: A Three-Step Program for a Four-Generation Workforce

With the introduction of Gen Z into the insurance workforce, underwriting employees span four generations, bringing with them different experiences that color their approach to work and their expectations for employers. How can you take advantage of this unique moment and capitalize on each generation's strengths?

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