A guide to underwriting in 2025

Title: Embracing AI in Small Commercial Underwriting

Small commercial underwriting is undergoing rapid changes, driven largely by advancements in artificial intelligence (AI), data analytics, and strategic partnerships. A recent panel discussion featured experts in the field, including Sandeep Haridas from IntellectAI, Hanh Lam from Simply Business, and Jascha Prosiegel from MunichRe Specialty. They shared insights on how these factors are shaping the future of underwriting.

The Role of Technology

Panelists emphasized that the most successful brokers and managing general agents (MGAs) are those who leverage AI and data to enhance decision-making processes. This shift allows for more informed assessments of risk, resulting in quicker and more efficient underwriting outcomes. The need for speed and accuracy in decisions is becoming increasingly vital in this competitive landscape.

Key Trends and Strategies

AI technology is not just a buzzword; it's a practical tool that can transform workflows. According to the discussion, integrating AI can help underwriters evaluate risk more comprehensively and personalize offerings for clients. The experts noted that fostering partnerships between tech companies and traditional insurers can unlock new capabilities, enabling a more agile response to market demands.

Impact on the Insurance Industry

The implications of these trends are significant for all stakeholders in the insurance sector. Brokers and MGAs who adapt to these technologies may find themselves at a competitive advantage. Meanwhile, insurance companies could better serve their clients through improved understanding and management of risks.

As the underwriting landscape continues to evolve, staying ahead with the right technologies and partnerships appears essential for success.

Original Source: https://fintech.global/2025/11/28/a-guide-to-underwriting-in-2025/