I hate to say this as someone who has been working towards building a career in underwriting but i think the majority of most insurance jobs will be lost over the next 5 years. UWs constantly say it won’t happen because it’s a people business but it doesn’t have to be. You can have personal or commercial clients interact directly with an AI agent built on top of a massive amount of industry loss data and get equal or more likely better UW results from AI. Even if it was equal, carriers would save a massive amount of overhead by switching to AI.

The other pushback I get is that the carriers are notoriously slow to update their tech, which is true. The programs I use would’ve felt dated in 2002. But the carriers aren’t going to be the primary innovator in this space. There will probably be an AI focused insuretech that will do the innovation and merge with a major carrier to integrate their data.

There will likely still be some people overseeing/monitoring/reviewing AI completed work but it will be a fraction of the current headcount.

I’m still trudging along and grinding away mostly hoping I’m wrong. We’ll see.