62% of executives believe AI is improving underwriting quality and reducing fraud
This article was created in partnership with ICAT.
AI is innovating all arms of insurance – but perhaps none more than underwriting. According to data from Capgemini, 62% of executives believe AI is improving underwriting quality and reducing fraud – with 43% of underwriters adding that they trust and regularly accept automated recommendations from predictive analytics tools. However, the true magic manifests when firms start to combine AI with the power of data science.
Speaking to IB, Robert Klepper (pictured), chief underwriting officer at ICAT, explaine…