John Hancock's new Gen-AI powered underwriting tool may cut down preliminary processing times from one day to just 15 minutes.

That specificity has made it harder for commercial insurers to keep pace with evolving customer needs. AI can help fill that ...

The age-old insurance underwriting model worked well for a traditional environment of slower and more predictable change, with similar processes and risk evaluation methods across insurers. Today, the ...

Life insurance companies use a process called underwriting to evaluate your risk factors, decide whether to approve your application and determine your premium. Traditional underwriting, which usually ...

The world of insurance underwriting has been a steady and unchanging force for over four centuries. It's a domain where risk assessment and pricing are deeply rooted in historical data, often locked ...

When applying for life insurance, the underwriting process is a critical step to determine the policyholder's risk and premium. At CG Insurance, we pride ourselves on a customer-centric approach that ...

Underwriters at Allianz and other insurance companies have long faced an intimidating challenge: the need to find specific answers across hundred-page documents before they can make an attractive ...

The insurance industry is adapting to the rise of generative artificial intelligence (AI) by incorporating it into its underwriting processes amid looming cyber threats, some of which may also utilize ...

Discover how insurance companies manage current liquidity to cover liabilities with liquid assets. Learn the significance of ...

A panel of state insurance regulators is getting back to work on accelerated underwriting guidance for states to consider. Created during the National Association of Insurance Commissioners' 2019 ...

Canadian commercial lines remain firmly on the soft side, with strong capital and careful underwriting keeping competition ...

Understanding how and why insurer make decisions could improve your chances of getting the policy and price you want Written By Written by Insurance Writer, Buy Side John is a staff writer at Buy Side ...