Bringing insurance industry innovation to AWS re:Invent | Insurance Blog
A year ago at re:Invent, Accenture and AWS announced a joint investment to accelerate cloud migration and industry differentiation for our clients. Increasing demand in commercial underwriting made insurance the obvious industry to blaze the trail.
At AWS re:Invent 2022, Anand Premsundar and I will talk about how innovation transforms experiences, processes, and decision-making for the core insurance functions of underwriting and claims.
Across the insurance industry, we are seeing a great deal of progress in the use of cloud and AI in claims—especially in auto claims. IoT crash detection, APIs, and intelligent solutions are delivering the speed to settlement insurance customers want and enabling the operational transformations and structural cost reductions insurance companies need.
Underwriting is the next area in which major transformations are taking place. Many underwriting processes are still highly manual, particularly in lines of business that rely heavily on intermediary distribution through agents and brokers.