Why the Industry’s Path to Success is Underwriting a Primer on Where We’ve been and Where We are Today

Description

Executive Summary: The insurance industry,
going back hundreds of years, was built on, and
around, the underwriting capabilities particular
to each era. In the last several decades, underwriting
has contributed in even greater ways to
the insurance business. Underwriting has driven
innovation and enabled an efficient, competitive
and profitable insurance marketplace for an
increasingly savvy customer. As technology
rapidly progresses in every sphere of our lives,
and an explosion of data ensues, underwriting
is once again leading the charge and enabling
a customer-centric, data-driven and profitable
expansion of our business capabilities as an
industry. Keeping in sight where the industry
has been and where it is today, an experienced
underwriter reflects on ways underwriting has
been at the core of insurance industry innovations,
and offers a glimpse of the future in which
underwriting will play an essential role.

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