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Underwriting - Platform

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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

Product/Service details

SOLUTION OR SERVICE TYPE