Published on Oct 25, 2023
The world of underwriting has undergone a significant transformation in recent years. Driven by technological advancements, and changing consumer behaviors underwriting processes have become more efficient and accurate, leading to better outcomes for both insurance companies and customers. One of the recent examples is Munich Re, a leading reinsurer, launching a risk assessment and e-application solution to enable life insurance carriers to underwrite new policies faster and with greater accuracy. Innovative approaches like these are reshaping the insurance industry offering opportunities to enhance customer experience. In this article, we will explore how technology is revolutionizing insurance underwriting in India.