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Adding Value to Core Insurance Processes
Whether you oversee the P&L of the business line; sales; distribution; underwriting; or wants to improve data, analytics and digital capabilities, we’ve got your back.
Marketing, Sales & Distribution
Manage Positive Selection & Improve Broker/Agent Relationship
KPIs: New Business GWP, Submission, Volume
Automate acquisition and processing of underwriting data and insights, allowing underwriters to focus on value-added work.
KPIs: GWP, Expense Ratio, Submit-to-Quote, Cycle Time
Capture new data and improve the overall data quality for raters and loss reserve models.
KPIs: Premium and Rate Change, AYLR
Servicing & Billing
Automate renewals, increase retention and constantly monitor changes in exposure.
KPIs: Quote-to-Bind, Retention Rate, AYLR
Detect fraud activity and streamline claim adjudication.
KPIs: Incurred and Paid Losses, Fraud Percentage, Claim Settlement Time
A snapshot to our data processing technology
In this paper, we will analyze the differences between AI-powered and traditional data platforms and their ability to provide accurate North American Industry Classification System (NAICS) codes.
While small-medium businesses try to adapt to the new circumstances presented by this global pandemic, it is important for carriers to focus on addressing the changes in the market and assess the next steps correctly.
In this case study, we will discuss focusing on reducing the processing time from days to minutes and improving the decision-making quality, turnover time and number of interactions between agents and underwriters.