Automate underwriting decisions and risk assessment. Evaluates submissions against underwriting guidelines, pricing parameters, and risk appetite.
Underwriters spend 50% of their time reviewing submissions against complex guidelines, assessing risk factors, and making preliminary decisions. Inconsistent application of guidelines, human error in risk assessment, and delays in decision-making result in lost business and suboptimal pricing.
AI-powered underwriting engine that automatically evaluates submissions against underwriting guidelines, risk appetite parameters, and historical performance data. Provides risk scores, recommended actions, and automated preliminary decisions. Routes complex cases to senior underwriters while approving routine submissions in seconds.
50% reduction in underwriting review time
Consistent application of underwriting guidelines across team
Automatic risk scoring and classification
Pre-approved quotes for standard risks in under 30 seconds
Escalation workflow for complex or out-of-guideline risks
Automatic risk classification and scoring
Preliminary underwriting decisions on routine submissions
Guideline compliance validation
Complex risk escalation to senior underwriters
Portfolio mix monitoring and approval routing
Parse broker submissions, loss runs, and exposure schedules. Extracts named insureds, geolocation, prior losses, and policy terms.
Real-time pricing for parametric and standard CAT XoL structures. Integrates with catastrophe models and historical loss data.
Route submissions to appropriate underwriters based on risk class, territory, and capacity. Reduces response time by 60%.