Top Seven Ways Decisioning Platforms Are Transforming the Insurance Industry

The insurance industry is at a crossroads. It has come a long way in terms of updating and upgrading many of its processes, particularly in underwriting and pricing, and claims assessment. Decisioning platforms have been central to enabling this move away from static, rules-based underwriting models, and leveraging AI and automation to reduce claims handling times.

Key Takeaways:

• Technical debt can present a challenge, but it can be met in stride
• Tailored services can be enabled at scale
• Moving from the sandbox and into production faster with less resource constraints
• Engaging simulation to understand the impact of decisions can change the course of business
• Future-proof the business by overcoming today's challenges while preparing for the ones ahead