Overview
Delivered through a centralised platform ‘Underwriting’ systemises an underwriter’s knowledge and can deliver analytics-driven insights throughout the decision-making process for AdvantageGo. Powered by an ecosystem of data providers that supports data led decisions, ‘Underwriting’ proactively delivers new business insights and risk-specific knowledge, facilitates the creation of new products, and enables underwriters to understand risk at new levels of granularity.
Key Features
- A single platform for insurance product management utilising integration, orchestration, workflow, standard business processes, and rules engine
- An open integration architecture that allows seamless connectivity to internal and external third-party market systems such as PPL, Whitespace, broker systems and other software houses
- Real-time pushed intelligent notifications combined with analytics to proactively drive informed and timely decisions
- Embedded analytics proactively delivered through the system, and access to new data sources via AdvantageGo’s microservice platform
- Rapid new deployment capability, simplified process and change management coupled with an extensible database
- AdvantageGo’s digital marketplace integrates with the solution to deliver functional microservices and curated, relevant third-party data
Key Benefits
- Efficiently manage pipeline and business plans with the ability to quote accurately and quickly
- Rapidly analyse renewals, old and new submissions to visualise business targets against actuals
- Forecast effectively, assess the marginal impact of new portfolio quotes, including identifying identify gaps and how to close them
- Quickly spot new and emerging markets, cross-selling opportunities as well as considering new business models such as risk mitigation and prevention
- Create standardised and consistent underwriter journeys while managing underwriting teams to drive discipline and excellence
- Maintain and build new relationships through ‘Know Your Customer’ analysis to improve renewal rates
- Ensure governance and compliance via comprehensive audit trails of all processes and activities
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