December 20186CIOReview's circulation is audited and certified by BPA International (Audit Pending). Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 12 - 2018Contact Us:Phone:510-683-5022Fax:510-894-8405Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.comDecember - 12 - 2018, Vol 04 Issue 09 Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Managing EditorPamela MorganSalesEditorial StaffArijit SarkarAva GarciaAlex D'SouzaVisualizerRenukesh GangurUNDERWRITING SOLUTION SPECIALNick Masonnick@insuranceciooutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffDivya KishoreJoshua ParkerSarah FernandesEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comData Science is redefining insurance underwriting. It helps unlock hidden insights from humongous amount of data that is flooding insurance landscape today. These insights help insurers in evaluating the risk and exposures of potential clients. Data technology like AI can update analysis instantly as new data comes in and optimize risk management insights to create more precise references. AI's machine algorithm frees data from any error, making information more accurate. With AI, insurance underwriters can also easily dig records and past interactions to automate underwriting decisions for cases that are usually being done manually, saving the time of both the underwriters and the customers.ML is also taking underwriting to a new level by stipulating certain risk and reducing adviser errors while dealing with complex data; while chatbots are helping insurers in claims processing within seconds without any paperwork. Chatbots use algorithms to process fraud-detection check and also assist the course by suggesting the fastest way to reach the insured. Similarly, technologies like blockchain, big data, augmented reality, and IoT, can help underwriters in cutting down operational costs while ensuring fast, efficient, reliable, and secure service.While there are scores of technologies that are uplifting the insurance underwriting landscape, the evolving nature of threat environment make it mandatory for the vendors to keep generating ground-breaking and state-of-art solution portfolios. With that in mind, we present to you a special edition on underwriting solution. Write us your thoughts!Technology Driven UnderwritingPamela Morgan
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