What Big Tech Can Do For Insurance

That technology will be the fuel that powers the insurance industry machine is inevitable. And with exciting innovations in AI, data and cloud computing, the dreams of many insurers can become reality.

Gone are the days of relying on slow, clunky systems and paper-based methods. Instead, insurers today can build, test and run product lines using entirely digital means, managing agile product streams and bringing new lines to market in record time.

In 2022, insurers should continue to fine-tune operations, creating the sleekest and most agile model possible to keep up with the ever-changing requirements of today’s customers.

This means incorporating every resource possible into a smoothly running underwriting process -- and data will bring on one of the most radical improvements the industry has seen.

In the world of predicting and pricing risk, the more you know, the better.