Smart underwriting: How tech is changing the insurance sector

With AI-powered tools, insurers can evaluate claims more quickly, reduce fraud, and automate processes like document verification.

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We are no longer on the brink of the Fourth Industrial Revolution; we are living it. This digital era, driven by advancements in artificial intelligence (AI), big data, automation, and connectivity, is transforming how industries operate globally.

While banking and retail have already undergone dramatic shifts, the insurance sector is only beginning to harness the full potential of digital transformation. In Kenya, the pace is accelerating. Over the next five years, technology will redefine how we underwrite, market, sell, and deliver insurance, reshaping customer expectations and operational models across the industry.

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Note: The results are not exact but very close to the actual.