How life insurers can leverage digital field underwriting

Traditionally, Insurance Agents were used for data collection, prospect's profiling, and insurability before the formal underwriting process began. Insurance Agents would walk in door to door to compile necessary information about the prospects profile like their Income, Health, Occupation, House Ownership, Cars etc

In Today's time where we see everything digital, we do everything online, whether it's ordering food, buying clothes or investing in insurance. The last point bears a closer examination as it's only in the last couple of years that we've seen insurance become an increasingly digitized experience from end to end.This evolution has been long overdue!

Digitization is the need of the hour going forward and any efforts in that direction will not even smoothen the acquisition and onboarding process but also help for penetration and retention.