Will AI replace Insurance Underwriters?

AI can do 100% of the work Insurance Underwriters do at least twice as fast. People already use it for 1 of their 7 tasks, while 6 more are ready but barely used so far.

AI is already doing this1 · 5% of time

People already use AI for these tasks in real work, based on Anthropic's analysis of how Claude is used.

  • Decline excessive risks.Mostly automated5% of time

AI could do this next6 · 95% of time

AI can speed these up by at least half, but real use has not caught up yet. These are next in line.

  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.42% of time
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.21% of time
  • Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.16% of time
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.8% of time
  • Evaluate possibility of losses due to catastrophe or excessive insurance.6% of time
  • Authorize reinsurance of policy when risk is high.3% of time

Still needs a person0 · 0% of time

No real AI use, no proven AI speedup and no robot that can do it yet. This is the part of the job to build on.

  • Every task in this job is touched by AI or robots in some way.

Your week is not the average

Describe what you actually do and get a personal report: your own tasks, what AI can already do, what stays yours and a 90 day plan.

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What this means

AI can already do almost all of this work at least twice as fast. Real use is still behind at 5 out of 100, so the change here is only getting started. Expect the role to shift toward deciding what to do, checking AI's work and owning the result.

What to do next

  • Do the 1 task AI is already handling with AI yourself. Your peers already are, and it is quickly becoming the baseline.
  • Get ahead on the 6 tasks AI could do next. These move as tools improve, so learning them early pays off.
Financial and Investment Analysts89%Personal Financial Advisors98%Financial Risk Specialists98%Tax Preparers100%Financial Quantitative Analysts100%Budget Analysts99%

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