“Writing insurance is like trying to drive a car forward while looking at the rearview mirror – you are always trying to base your decisions on what you did in the past. We wanted to turn that on its head to make sure that we write risks based on most current information, which Underwriting Insights enables us to do.” – Senior VP and Head of Casualty Business
Our customer utilizes a unified system aligned around common underwriting, product and distribution strategies, which is what they call “A Single View of Risk.” This differentiated organizational principle allows the business to originate specialty risks while responding with speed, capacity and innovative product solutions.
In this case study, we will look at how the leading global specialty insurance group leveraged the power of big data to provide a streamlined underwriting flow with agents and improve their internal efficiency with speed and capacity of writing risks. This has resulted in the business being able to scale their business model and write more business with greater confidence with a much smaller group of underwriters.