Behind Reality series. Backdrop of gears, fractal forms, lights and numbers on the subject of reality, philosophy, metaphysics and modern technology
agsandrew/Getty Images/iStockphoto
Behind Reality series. Backdrop of gears, fractal forms, lights and numbers on the subject of reality, philosophy, metaphysics and modern technology
agsandrew/Getty Images/iStockphoto
Algorithmic underwriting has the power to cut through the complexity of commercial lines and allow for more efficient, fast and accurate risk selection.
Deploying a mix of lead and follow, manual and automated underwriting strategies known as a Multiple Approach to Underwriting (MAU) has brought its own complexities and inefficiencies that many organisations are living with. Organisations need to recognise the opportunities presented by MAU and optimise the benefits from working this way. This can be complex, but the good news is that support is on the horizon.
