Overview

Insurers today operate in a fast-changing risk landscape with new and evolving risks. Underwriting teams need to work smarter and act quickly to differentiate. But commercial and speciality risks are complex, and it takes time to wrangle vast amounts of data into good shape and analyse risk expertly.

That's why we created the Underwriting Workbench: a single platform supporting the underwriting process from submission to bind, and beyond.

Our platform:

·Provides a one-stop desktop for managing new business, renewals and endorsements

·Automates admin-heavy tasks with AI-powered workflows

·Accelerates decision making

Customers report a 50% reduction in processing time and 30% more time to focus on core work.

Use cases and benefits

We take all the stress out of the underwriting process so underwriters can do more of the work they love. With our platform insurers can:

·Eliminate rekeying and automate admin-heavy tasks

·Bring complex data out of silos into a single solution

·Seamlessly ingest unstructured data for a clear understanding of risk

·Standardise underwriting journeys - non-linear workflows for dynamic modelling

·Accelerate decision making and lead with commercial confidence, backed by full audit trail

·Regain underwriting control and focus on higher value activities

·Be ready for change with an agile platform.

Business model

Send is a B2B SaaS model. Contracts span 3-5 years and license fees are paid yearly in advance. Send customers buy a recurring annual license based on GWP (Gross Written Premium), which is supplemented by professional services.

Target Clients

Insurers, reinsurers and MGAs who operate in the commercial insurance market.