01
Aug
Underwriting is a fundamental function within the insurance industry, serving as the foundation for risk assessment and management. Underwriters are responsible for evaluating insurance applications, determining the level of risk associated with each applicant, and making decisions on whether to accept or reject the application based on the insurer’s guidelines and risk appetite. In this post, we discuss how to use AWS generative artificial intelligence (AI) solutions like Amazon Bedrock to improve the underwriting process, including rule validation, underwriting guidelines adherence, and decision justification. We’ve also provided an accompanying GitHub repo so you can try the solution. The underwriting process…