Instec Underwriting

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Underwriters touch every part of the insurance business, from product development to customer service. Improve underwriter effectiveness, and you improve the whole business. So, where do you start? Somewhere between the obvious auto-accepts and auto-declines lie a range of risks that require a measure of underwriting judgment. If we automate the simplest of these, underwriters can assess the unique risk profiles that present high-value business opportunities.

Instec Underwriting applies a highly-configurable rules engine that automates repeatable risk decisions. Over time, as more recurring patterns are identified, new rules can be added to expand straight-through processing. The result is faster response to the applicant, lower cost, and better use of the underwriter’s skill and experience.

Key Features

  • Highly-configurable rules engine
  • Full integration with Instec’s rating engine
  • Open APIs for easy integration
  • Online collaborative work environment
  • Straight-through processing
  • 24/7 visibility for underwriters, agents, and customers
  • Portal API with widget library
  • Built-in document generation and management

Key Benefits

Covering both ends of the spectrum, Instec Underwriting allows the underwriter to offload the obvious risks to a fully-automated process and focus on hands-on underwriting for the more complex risks.

Instec Underwriting streamlines the underwriting process and drives greater collaboration among underwriters, agents, insureds, partners and third-party data providers, resulting in lower costs, better underwriting decisions, and a more responsive customer experience.



Product/Service details