AI Transforms Insurance Underwriting Workflows And Outcomes

Insurers are increasingly deploying AI in underwriting to automate intake, validate submissions, and pre-screen roughly 60% of cases, freeing underwriters to handle complex decisions. The article, from Damco Solutions' VP for Insurance, highlights AI's ability to ingest structured and unstructured data, enable risk scoring, and create feedback loops linking decisions to claims. Analysts expect the global AI in insurance market to grow from $6.44B in 2024 to $63.27B by 2032, signaling large-scale adoption.