Infographic:
Automated Underwriting for Insurance
Infographic:
Automated Underwriting for Insurance
Underwriting is the process of evaluating and measuring the financial risk connected with a person or entity, often in the context of providing loans, insurance coverage, or making investments. This assessment is carried out by underwriting specialists employed by different financial institutions. But with a manual underwriting system, insurance providers struggle with data extraction from multiple systems, performing risk assessment and making right decision. In this infographic, we will explore the types of underwriting and how automation can simplify the underwriting process.
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Underwriting is the process of evaluating and measuring the financial risk connected with a person or entity, often in the context of providing loans, insurance coverage, or making investments. This assessment is carried out by underwriting specialists employed by different financial institutions. But with a manual underwriting system, insurance providers struggle with data extraction from multiple systems, performing risk assessment and making right decision. In this infographic, we will explore the types of underwriting and how automation can simplify the underwriting process.
