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Rick Huckstep, writing at The Digital Insurer, writes about a recent insurance market event he attended in London, attended by plenty of underwriters and brokers.

Talk eventually turned to an article that Huckstep had written about artificial intelligence, machine learning, and big data. He told his colleagues that upwards of 80% of insurance underwriting would soon be handled in an automated fashion.

Then, Huckstep writes, "Sitting opposite me was a London market broker. He reached inside his jacket pocket, pulled out his pen and said, 'Nothing writes business faster than a Mont Blanc pen!' And he was deadly serious.

Hucklstep goes on to note that this traditional mindset is still fairly prevalent in the insurance industry. However, he notes, "technology is rapidly catching the insurance industry up. It’s just that some in the insurance industry don’t yet realize it!"

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