Overview
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. Sure 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.
Sure Underwriting leverages configurable workflows to orchestrate efforts from multiple team members serving various roles on an underwriting team while seamlessly incorporating automated processes through robust integration capabilities reducing the overall cycle time for a workflow from end-to-end. A low-code/no-code Integration Platform as a Service (iPaaS) is fully integrated with the solution to accelerate connectivity and automations with external systems. Rule-based scoring and automatic referrals elevate key exposures for review by team members with appropriate authority levels. Customizable data views allow the relevant data to be visible to the underwriting team during decision making. Insurity Business Intelligence surfaces KPIs for further process refinement.
Key Features
- Highly-configurable rules engine
- Open APIs for easy integration
- Online collaborative work environment
- Straight-through processing
- Real-time collaboration
- Built-in document management
- Journal entries, notes
- Activity tracking
Key Benefits
Covering both ends of the spectrum, Sure Underwriting allows the underwriter to offload the obvious risks to a fullyautomated process and focus on hands-on underwriting for the more complex risks. Sure 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.