Underwriting Automation & Submission Treaty Management
Improve growth and profitability while increasing the efficiency of the underwriting processing chain
Underwriting in the reinsurance industry is a highly complex process. But with underwriter capacity being a scarce resource, the implementation of intelligent technology to optimize and automate the submission process is key to your business.
Our reinsurance application is specifically designed for underwriters to support them in the underwriting process and speed up submission handling. By using sophisticated algorithms tailored to the submission process in reinsurance, the Squirro reinsurance application allows underwriters to focus on the most critical risks associated with each submission.
|Benefits||Portofolio Manager||Risk Manager||Technical Underwriter||Underwriter|
|Optimize the underwriting process||✓||✓||✓||✓|
|Save 2-3 hours per submission||✓||✓|
|Monitor exposure vs. portfolio risk tolerance||✓||✓||✓||✓|
|All cedent-related information in one place||✓||✓||✓|
|Achieve early triage by automated risk detection and available capacity classification||✓||✓|
|Reduce time to analyze deployed capacity and exposure||✓||✓||✓||✓|
|Verify if key clauses are present in wording||✓||✓|
Augmented Intelligence Model for Reinsurance
Synpulse is an expert and highly valued partner of Squirro. Their many years of project management experience in (re)insurance, current knowledge of new market and technology trends, together with their understanding of how underwriting in (re)insurance works, enables them to help Squirro clients to digitalize their processes. The Synpulse team takes a holistic and integrative approach and supports projects all the way from early assessment until the final implementation of the Underwriting Compass. Learn more