Revolutionizing Risk Assessment: Automation’s Role in Insurance Automation in Action

At its core, insurance is about risk – how to detect, measure and mitigate it. And advances in automation technology, generally –  AI, more specifically –  are transforming the insurance industry. Automation is revolutionizing the way insurance companies make use of vast troves of data to power underwriting and processing, deliver greater value to end customers, and bring new cost efficiencies to the broader market. It’s not just important to the insurance sector. It has a profound impact on each and every end market that uses insurance to manage risk.

In this episode, we speak to Max Drucker, CEO of Carpe Data, who has had a front row seat for advancements in insurance technology, spanning his entire career. We learn from Max how the automation of once manual tasks and the application of AI are creating new tools and methods to revolutionize risk management.

Key takeaways from this episode:

• What key challenges the insurance industry faces today
• How insurance underwriters use data to improve risk assessment and management
• What data availability means for the insurance industry
• How automation is helping to drive the industry forward
• What AI portends for the industry and its clients

To learn more about THL’s cross-sector strategy to uncover opportunities in emerging technologies, visit THL.com/automation.