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...

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