< Back to all news

How Technology is Disrupting the Underwriting Management Industry in South Africa


The insurance industry has traditionally been known for its slow, manual processes. But with the advent of new technologies, there is a growing trend towards digitisation and automation in the industry. In South Africa, underwriting management is undergoing a digital transformation, and new technology in the market disrupts the way things are done.

Automated Underwriting

One of the biggest changes in underwriting management is the move towards automated underwriting. This involves using machine learning and artificial intelligence to assess risk and make underwriting decisions. Automating this process allows underwriting to be done more quickly, accurately and with less human intervention. 

Digital Platforms

Digital platforms are also changing the way underwriting management is done. These platforms allow underwriters to access information and complete tasks quickly and easily. They provide customers with a more streamlined experience by enabling them to access information and make payments online.

Learn more about how Briisk is helping underwriting management agencies in South Africa embrace technology:

Data Analytics

Data analytics is another area where technology is making a significant impact in underwriting management. Data analytics can help underwriters identify trends and patterns that they may not have seen otherwise. This can help them to make more informed underwriting decisions and improve their overall risk management.

Blockchain Technology

Blockchain technology is having a notable impact on the underwriting management industry. Blockchain can be used to store and share data between different parties securely which can help to reduce fraud and increase trust in the underwriting process. 

Benefits for Underwriting Management Agencies

Underwriting management agencies in South Africa can benefit from using technology in several ways. For example

  • It can reduce costs.
  • Improves efficiency.
  • Enhance the customer experience.
  •  It can also help underwriting management agencies to stay competitive in an increasingly crowded market.

The Briisk Solution

At Briisk, we are dedicated to helping underwriting management agencies in South Africa take advantage of the latest technology trends and innovations. Our Instant Transaction Platform (ITP) is designed to help underwriting management agencies streamline their operations and improve efficiency.

Our ITP provides a secure, cloud-based platform for underwriting management agencies to store and access data. It also allows for automated underwriting and offers real-time analytics so underwriters can make informed decisions quickly. Our platform is fully customisable, so it can be tailored to meet the specific needs of each underwriting management agency.

In Conclusion

Technology is revolutionising the underwriting management industry in South Africa. From automated underwriting to digital platforms and data analytics, there are many ways technology is changing the way things are done. Agencies that embrace technology will benefit greatly and improve end customer experience. As the industry continues to evolve, staying up to date with the latest technology trends and innovations is essential to maintaining a competitive edge.

Do you want to learn more about the future of insurance? Have a look at our article about future-proof insurance and software and trends!


  1. "Insurtech in South Africa," Fintech News, https://fintechnews.africa/18114/fintech-south-africa/fintech-in-south-africa-overview/
  2. "The Future of Insurance in South Africa," EY, https://www.ey.com/en_za/insurance/the-future-of-insurance-in-south-africa
  3. "How Technology is Changing the Insurance Industry," Investopedia, https://www.investopedia.com/articles/personal-finance/060915/how-technology-changing-insurance-industry.asp

Simply digitise & distribute Insurance with Briisk

Automate the complete insurance value chain, at a lower cost and higher speed than legacy systems with the Briisk ITP.
Get demo

Related Articles

How Technology is Disrupting the Underwriting Management Industry in South Africa

The insurance industry has traditionally been known for its slow, manual processes. But with the advent of new technologies, there is a growing trend towards digitisation and automation in the industry. In South Africa, underwriting management is undergoing a digital transformation, and new technology in the market disrupts the way things are done. Automated Underwriting […]

How payment technology is changing insurance distribution in 2023

What is payment technology?  Payment technology is a system that digitally coordinates financial transactions between two parties using APIs. This is referred to as an electronic payment which can be facilitated via Payment Service Providers (PSPs).  What is a PSP?  “Payment service providers are an important part of the payment ecosystem. For any business that […]

Allianz and Sanlam join forces to form an African insurance powerhouse

Allianz, one of the world's largest insurers with a century-long foothold in Africa, has joined forces with Sanlam, the continent's largest non-bank financial services company. The alliance will enable Allianz and Sanlam to combine their existing and future operations in 29 African countries, becoming the continent's largest non-bank financial services provider. By merging Sanlam's expertise […]

Bancassurance in Rural India

In this interview, Rahul Khajuria, Vice President of Kotak Mahindra Life, talks about the full-stack Briisk Instant Transaction Platform. Kotak Life successfully introduced an innovative on-demand micro life insurance in rural India, to promote financial inclusion in emerging markets. We spoke with Rahul Khajuria, Vice President of Kotak Mahindra Life, about how they used the […]

The rise of InsurTechs - how will the insurers stack up?

InsurTech firms are having a transformative effect on the insurance industry. Studies show that at least 86% of insurers think their revenues will be at risk from future technological disruption – and perhaps nothing demonstrates this better than the rise of game-changing InsurTech. So what caused the rise of InsurTechs? And why was it essential? […]

The modern insurance broker and the impact of COVID-19 - Interview with Hanno van Aarde

This interview with our founder and joint CEO Hanno van Aarde is about the challenges that brokers face in the digital age and solutions to bring about digital transformation. We are especially looking at how due to the COVID-19 pandemic and the ensuing lockdowns the modern insurance broker has to find digital ways of how […]

The Changing Face of Life Insurance Distribution

The topic of ‘Life Insurance Distribution’ quite possibly conjures up stereotyped images of an overly cheerful and persistent door-to-door salesman in your customer’s minds and may even bring about feelings of dread and confusion. Like it or not, the adage remains true: Life Insurance is a product that is sold, not bought.   In the past: […]

South African InsurTech Startup Briisk launches new version of their Insurance SaaS solution

UK-based InsurTech Briisk has launched a new version of their Briisk Instant Transaction Platform (ITP). To celebrate the launch, Briisk recently announced the new V2.2 release via a live webinar, presented by Joint-CEO Chas Simpson and Head of Client Project Operations & Product Management Antonie Botes. The Briisk ITP is a powerful cloud-based insurance solution […]

Future-proof Insurance Software - Trends and how to use them

From policy and claims management, insurance product configuration and premium collection, to white label distribution with tailored customer journeys - Insurance Software is disrupting the insurance industry. Especially driven by InsurTechs, insurance software innovations are designed to make the current insurance model more efficient, reduce costs and speed up time-to-market. Customers benefit from more convenient […]

Insurance API – 4 great Use Cases of API empowered Insurance

The insurance industry has struggled to adopt technological innovation and digitally transform. Many insurers rely on centralised legacy systems with huge central databases and closed off architecture, which make it very difficult and expensive for insurers to transform and innovate. As a result, InsurTechs are exploring avenues that large insurance firms have less incentive to […]

Get demo

Let us give you an overview of the Briisk ITP and how it can improve your business processes.
+44 1923 750310
Briisk Limited, 27 Old Gloucester Street, London WC1N 3AX, United Kingdom
+91 8008 360077
Briisk Limited, 23, Gokul Brindavanam, Bachupally, Hyderabad, India-500043
+27 83 321 9369
Briisk Limited, 2 Fir Street, Observatory 1st Floor, Block B, North Park, Black River Park, Cape Town, 7925, South Africa
(C) Briisk 2022. All Rights Reserved. 
Sitemap // Privacy Policy // T&Cs 
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram