Judgment in the age of algorithms: How underwriting is actually evolving

In this episode of The Underwriting Intelligence Podcast, Amrit sits down with Andrew McMellin, President of Markel International, to explore how underwriting is evolving in an increasingly data-rich, technology-enabled world.

Drawing on nearly four decades across the insurance ecosystem, from broking and underwriting, to leadership roles in both the London Market and the US, Andrew shares a candid perspective on the changing craft of underwriting. At the centre of the conversation is the increasingly well-accepted belief that the best underwriters don’t just assess individual risks, they manage portfolios. As data, analytics, and AI tools become more embedded in the underwriting workflow, the real opportunity lies in using technology to augment judgment rather than replace it.

In this episode, Amrit and Andrew dive into: Why modern underwriting requires a portfolio mindset, not just individual risk selection How data and technical pricing can support better decisions without undermining underwriting expertise The practical ways AI is already improving underwriting productivity, from document analysis to proactive client outreach The growing importance of intangible risks and what they mean for the future of insurance products and markets

Whether you’re an underwriting leader, insurance executive, actuary, or insurtech builder, this episode offers a thoughtful look at how the underwriting profession is evolving; blending experience, data, and technology to navigate a world of increasing uncertainty.