If underwriting was invented tomorrow, what might it look like?

There's an old joke about asking for directions to a far-off place where the punchline is: Well, if I were you, I wouldn't start from here! It has a certain resonance with the underwriting of protection business because one thing we can all agree on is that it's not perfect - and it's a long way off from the best possible starting point to make things better. When looking back at all the underwriting processes over the years, little has really changed.  As an industry, we've put a paper form on a computer screen - that's about the extent of it as far as most stakeholders are concer...