We have long experience of working with underwriting engines and have created complete rule sets – the ‘underwriting intelligence’ – for insurers, reinsurers and software providers.
Engines are a vital part of a streamlined, efficient new business process. On-line application means speed and convenience for customers and intermediaries. For insurers automated underwriting means efficiency, but the biggest gain is the accumulation of data: analysing that can help you improve your business.
This is a fast-moving world. There will be more emphasis on data from external sources augmentation of risk assessment via machine learning and artificial intelligence.
SelectX can guide you through the complete underwriting engine cycle – selection, customisation, implementation, review and renewal – and into the future. And we have a ‘generic’ rule-set, ready and waiting to go into your engine, to speed the process up even more.
Are you getting the most from your underwriting engine?
Consider our strategic engine review
Our Strategic Engine Review takes an in-depth independent look at how an engine is performing.
We examine everything from rules effectiveness to the way you use data. Identify scope for improvement, increase your straight-through processing rate and make rapid progress towards optimisation.
