Groundspeed Blog Transforming Commercial Insurance Underwriting with AI

The underwriting process for commercial insurance carriers has traditionally been time-consuming and labor-intensive, often relying on large teams to review and analyze data from various sources manually. According to the Institute's survey, the average underwriter spends 40% of their time on administrative tasks, 30% on negotiation and sales support, and 30% on actual underwriting. That [...]The post Transforming Commercial Insurance Underwriting with AI first appeared on Groundspeed.