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ARTICLE · 16 FEBRUARY 2024

Algorithmic Underwriting: How To Balance Automation And The Human Touch

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Algorithmic underwriting is a concept fast becoming the frontlines of cutting-edge technology for insuring risks in the London market.

United KingdomInsurance
Louise Smith
Louise Smith
Matthew Lambert
Matthew Lambert

Algorithmic underwriting is a concept fast becoming the frontlines of cutting-edge technology for insuring risks in the London market. But what real-world implications will this have for an industry already undergoing significant change?

Algorithmic underwriting, bionic underwriting and unicorn underwriting are all emerging concepts fast becoming the frontlines of cutting edge technology for insuring risks in the London market. Given the industry's need for a reduced cost of writing business, compounded by the drive to become more digital, the growth in interest is understandable. But what real-world implications do these concepts have for an industry already undergoing significant change?

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