Rajesh Narayan, VP of Product & Underwriting at ValueMomentum
The industry is at an inflection point. The underwriters who today work traditionally with a lot of manual documents and the ways in which they have built those relationships in the past and have succeeded are actually retiring. A large percentage of them will need to transition that knowledge to a new generation.
So this challenge also is a new opportunity for the industry because you can take GenAI and take all those manual documents, summarize them for the new underwriters, help onboard them much faster, make them more productive.
So if we do this right we can really change this industry and shift it to be ready for the new workforce and also be ready for a new way of underwriting altogether.