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In addition to underwriting coverage, Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Fintech industry. We've broken down how this process works, while noting how some companies are already reaping the benefits. robotic process automation While manual underwriting can be an attractive option for clients with a unique financial situation — such as being new to building credit or having previous financial problems — but for providers, it's a drain on time and resources.Insurtech is a broad term to describe all technology that helps streamline the efficiency and operations of an insurance company — such as the insurance underwriting process.
Many of the top life insurance companies now use automated underwriting to accelerate the purchasing journey. For example, Prudential is taking advantage of digitally enabled, data-driven underwriting.
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