Data Driven Underwriting

Data, insights and underwriting have always been complex problem for commercial insurers. The lack of a consolidated view of all data and insights required to be able to price new business and renewals accurately has an impact on growth and profitability of every insurer. The current manual processes are error prone and time consuming.

Our data driven underwriting solution for commercial insurance combines account specific data including loss history and business dimension changes along with industry specific third party data towards a view of the magnitude of risk. This coupled with an AI driven engine that works on top of an API driven architecture enabling smooth connectivity to industry leading platforms such as Guidewire, Duck Creek or Majesco and Insurity is the best friend of underwriters.

With a cloud based third party data repository that consolidates all industry specific data required for risk assessment based on the case, it feeds into a company specific rules engine driving insights to leverage and derive a recommendation on pricing vs rejection of the risk. Our solution provides a consolidated view of the risk aligned to the portfolio structure of your business thereby not only enabling a decision on the risk but also the impact on your business performance.

Would you like to know more about how our team of consultants can introduce your underwriting team to a more efficient and data driven process? Please send us an email info@assets4u.biz