In today’s fast-paced commercial world, every organization is striving towards developing digitized, automated solutions to achieve greater efficiency, faster decision-making, and wider customer satisfaction concerning business procedures. Even the insurance industry has not remained immune from this digital wave of transformation. As the demand for insurance goes on increasing in the market with more and more firms entering the competition, innovative business strategies have to be evolved for each firm to thrive. The digital wave has led to modernizing insurance underwriting through automation, like the processing of claims, underwriting tasks, and many more.
