AI Revolutionizing Underwriting & Brokerage

AI is transforming insurance underwriting with companies like Bdeo, Munich Re, Lexis Nexus, and PwC using AI for risk assessment and pricing. Benefits include efficiency, improved risk assessment, and fraud detection, but challenges like data quality persist. The future requires new workflows and digital foundations. Digitalization urges insurance brokers to adapt to customer needs, attract talent, and engage with technology, evolving into consultants for personalized services and customer trust.