What does the future of underwriting look like and how close are we to getting there?
In the latest episode of The Leadership in Insurance Podcast, host Alex Bond sits down with Alex Schmelkin, Founder & CEO of Sixfold, to explore how AI is fundamentally reshaping the underwriting landscape.
Alex Schmelkin shares how Sixfold has evolved from building a helpful assistant for underwriters into developing end-to-end underwriting agents, capable of producing quotes as polished as those from senior underwriters, straight from a broker submission.
The results speak for themselves. One customer cut quote turnaround time by half and increased bind rates by 18% - not by replacing their underwriters, but by freeing them up to do what humans do best: build better relationships and find better risks.
On what's driving Sixfold's success, Schmelkin is clear:
\"You can't be all things to all people in this AI world. Develop your killer product and bring it to your customers.\"
Alex and Alex also dig into the wider market landscape: why so many insurers are stuck in pilot purgatory with multiple AI solutions, and what it actually takes to find best-in-class capabilities that scale globally.
A fascinating conversation for anyone navigating the intersection of AI and insurance
#InsurancePodcast #LeadershipInInsurance #AIUnderwriting #InsurTech #Sixfold #Insurance
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