Text mining: The next frontier of underwriting technology

Exploring new ground

clock • 7 min read

UnderwriteMe's senior marketing manager, Chris Monaghan explains text mining and how the technology can be applied to the underwriting process

2020 was a year of learning for all of us. Covid-19, furlough, banana bread and how to wear face masks all adding to the ‘Things That I Learned From 2020' list. Beyond that, many people used the time back from the commute to re-engage with a fitness regime or tried to pick up a language - Duolingo is still sending me daily reminders to practise my Portuguese. But when I heard about Text Mining I said: "Ooooh that sounds clever." My late dad gave me the same response when I first described email to him. I was a bit embarrassed.  The trouble is financial services is an industry where we...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Underwriting

Aviva adds AI underwriting tool to CIC

Aviva adds AI underwriting tool to CIC

Next focus will be on income protection

Jaskeet Briah
clock 18 March 2026 • 1 min read
UnderwriteMe adds underwriting for weight loss

UnderwriteMe adds underwriting for weight loss

Rise in weight loss injections

Cameron Roberts
clock 18 November 2025 • 2 min read
Partner Insight: Beyond the price tag - why fully underwritten quotes are your secret weapon

Partner Insight: Beyond the price tag - why fully underwritten quotes are your secret weapon

David Russell, Senior Manager Underwriting & Claims Strategy, Scottish Widows
clock 06 October 2025 • 3 min read