Commercial
Underwriting Solution

Automate and optimize your
underwriting process.

Commercial
Underwriting Solution

Automate, optimize, augment - the new science of underwriting

There are good reasons why underwriting processes have been slow to change: human intuition is indispensable, commercial exposures are diverse and no two risk profiles are the same.

While great underwriters are the jewel in an insurer’s operating performance, their finite capacity puts a drag on efficiency and growth, at a time when embattled insurance companies desperately need both.

The Squirro Underwriting Solution revolutionizes the underwriting process by using machine learning and AI to enhance the abilities of the underwriter. Our solution serves up insights and creates efficiencies that dramatically speed up an underwriter’s work. In this way, we help you to save hours on each submission, sharpen your competitive edge, automate repetitive, low-value processes and focus your time and energy where it makes the most difference.

WHY SHOULD YOU DO MORE WITH YOUR DATA ASSETS?

Some relevant KPIs to take into account:

of global AI value
will come from augmented decision making
Source: Gartner

of data is
unstructured
Source: Forbes

of companies say that
data-driven decision-making is important for growth
Source: SuperOffice

Our Customers

Data-driven financial institutions

Swiss Re Logo
Validus RE Logo

The insight gained from the Squirro solution is significantly deeper than can be achieved from structured data analysis.”

Source: Finance, firm size $50M - $250M.

The best feature is Squirro's ability to query unstructured data as well as structured data from multiple sources.”

Source: Finance, firm size $3B - $10B.
DISCOVER

Commercial Underwriting Solution

Squirro provides commercial underwriting professionals with the right insights and recommendations at the right moment in the context of their work - automatically.

Our Underwriting Solution is a Smart Assistant for the insurance world. It combines the power of AI with the imagination, intuition and intelligence of humans and provides a natural user interaction that doesn’t require expert skills.

With pre-configured connectors to the most relevant data sources and more than 50 pre-trained ML and AI models relating to corporate events, people, risks, financial information and financial markets, our solution delivers value from day one.

Don’t leave money on the table. Let Squirro unlock the power within your workforce.

SQUIRRO TOPIC EXPERT

Combining industry and technical know-how

Our Augmented Intelligence solutions for Reinsurance and Commercial Underwriting are the result of a joint effort with our partner Synpulse-a leading force in value creation in the financial services industry with a proven expertise in insurance.

Utilizing Squirro's Insights Engine, the Reinsurance and Commercial Underwriting solutions leverage AI and machine learning to allow underwriters to focus on the most critical risks associated with each submission. By supporting them through the underwriting process, our solutions dramatically speeding up submission handling.

UNDERSTAND

Commercial Underwriting Solution

1

Automate the automatable

View all relevant documents and information in one dashboard. Automatic extraction of key attributes and numbers from submission documents lets underwriters focus on high-value activities such as evaluating critical risks.

2

Go to the heart of the matter

We guide underwriters directly to the most recent relevant documents. Key attribute extraction helps them verify the adapted exposure. Natural language processing detects critical clauses, making light work of lengthy and complex documents.

3

Intuitive deal, account and market cockpit

A 360° cockpit for sales and technical underwriters monitors exposure and capacity allocation across key risks, business units and markets.

WHAT’S IN IT FOR YOU

Impact in Commercial Underwriting

Highlights

  • Deal origination
  • Counter party recommendations
  • Relationship map
  • Pitch Insights
  • 360° client cockpit

Benefits

  • Improve profitability and efficiency
  • Increase revenue and uncover hidden deals
  • Strengthen client relationships
  • Get quicker client and market insights
  • Reduce time to analyze data

Achievements

  • Average of 2 hours saved per submission
  • Reduction of missed risk factors
  • > 95% accuracy of models
  • Improved ROI on premium data
  • Increased adoption rate of CRM system cockpit
 
STAY INFORMED

Resources for Commercial Underwriting