Tag: Underwriting

In the realm of InsurTech, the ability to accurately assess risk, calculate premiums, and determine policy renewals hinges significantly on understanding historical losses.

Oper, a leading innovator in mortgage software, has announced the launch of a set of AI-powered product features designed to transform the underwriting and fulfilment processes in digital mortgage journeys.

In the high-pressure world of insurance underwriting, falling into autopilot is an easy yet dangerous trap. This risk is heightened when underwriters face a continuous stream of similar accounts, leading to quick decision-making that might overlook critical details.

In the competitive landscape of insurance underwriting, the integration of risk data is emerging as a secret weapon to enhance the performance of your underwriting team. One way this can be exploited is through the use of loss control, a risk management method aimed at decreasing the likelihood of losses occurring and minimising the impact of any that do happen. Due to the clear benefits of this, numerous key industry players are now claiming that advanced loss control practices can transform the traditional underwriting processes, reducing claims while increasing renewals and premiums.  

Often seen as an industry lambasted for a lack of change, the insurance sector has opened its eyes to a swathe of potential innovative technologies that could revolutionise the sector throughout 2024. At the height of this movement, the principle of automated underwriting emerged as the industry’s great fascination, with its potential to truly become the sector’s silver bullet.

Cytora, a leader in transforming underwriting workflows within the insurance industry, has announced the integration of Autoaddress‘ Address Capture into its underwriting productivity tool.

Bowhead Specialty, a provider of casualty and professional liability products, has announced its deployment of Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.

INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive...

Maritime technology startup Vanguard has secured $1m in new funding to advance their automated insurance underwriting platform tailored for maritime operations.

Sayata, a pioneer in cutting-edge insurance solutions, has introduced a revolutionary AI-powered platform poised to redefine how insurance carriers and MGAs evaluate and underwrite risk.