New and existing underwriters must become proficient statisticians, engineers and technologically-literate to meet ever changing consumer and business’s needs, according to the Chartered Insurance Institute’s (CII) 2021 Underwriting New Generation Group.
The group warned that failure to adapt could result in staff shortages and impacts on the top and bottom line. The report found that in order to succeed as an underwriter, individuals will need to have a more diverse set of digital analytical skills. The group's research claimed that if the underwriting profession is to keep up to date with consumers and businesses, insurers will need to invest in more "future-forward" technology that is able to support IT developments and programmes focussed on talent acquisition and upskilling. The report concluded that new and existing underwrit...
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