The Art and Science of Underwriting Powered by Artificial Intelligence and Machine Learning

Underwriting is at the heart of the insurance business.

From evaluating individual risks and the exposures to an entire portfolio to assessing the risk, risk appetite, and ultimately profitability is increasingly crucial with rapidly changing risk factors from weather, climate, societal, technology, and more. The underwriting discipline is making major moves not just to automate the workflow but to change the way underwriting is done by providing access to more data sources to gain new risk analysis insights while creating significantly enhanced agent/broker and customer experiences.

Leveraging real-time data from multiple sources and advanced AI/ML analytics and models, coupled with underwriter expertise, underwriters can increase profitability through better risk selection and reduced underwriting expenses.

In this webinar our speakers will discuss how advanced data and analytics using AI/ML is crucial both operationally and strategically for insurers by enabling the ability to analyze property data in real-time and drive intelligent decision-making with the newly introduced Property Intelligence powered by Majesco Analytics.

By identifying property hazards and providing detailed scores, insurers can enrich underwriting, risk exposure analysis, and risk appetite to drive improved profitability and customer service. With the pre-built integration between Majesco Policy for P&C and Majesco Property Intelligence, underwriters will gain detailed insights into the aspects of the property that pose the greatest risk through AI/ML analytics using a diverse set of data sources, providing carriers with immediate value realization.

Speakers
Melis Carroll – VP, Product Marketing, Majesco
Patrick Davis – SVP & GM of Majesco Analytics
Karen Furtado – Partner, Strategy Meets Action