Underwriting staerken

Enhance Underwriting

Increase productivity and provide individualized insurance.
Current Situation

While commercial lines underwriters rely on proven rulebooks and risk models, coverage requests come with large volumes of highly unstructured information. Data processing and human observation cause time-consuming manual efforts.

Objective:

Support underwriters with increased situational awareness.

How CID can support:
  • Automated pre-processing of coverage requests for efficient overview and aggregation of key aspects
  • Provision of relevant internal data such as checklists, policies, exclusions, or claims history
  • Provision of relevant external information (e.g., news, company reports, SEC filings, class actions
Objective:

Streamline coverage request screening and processing.

How CID can support:
  • Auto-categorization of requests and attachments
  • Rule-based completeness check
  • Comparison and recommendation with/of similar past cases
Objective:

Support coverage request assessment and pricing decisions.

How CID can support:
  • Comprehensive overview of prospects and insureds, including subsidiaries, vendors, customers, and key personnel
  • Matching with past assessments, policies, and exclusions
  • Auto-check of clauses and insured risks
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How Insurers Benefit

Enable underwriters assess risk and price policies more efficiently. Win clients by providing more individualized conditions. Enhance underwriting with a higher-automation, streamlined approach to request screening and data analysis.

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