Property & casualty and workers’ comp
Optimize underwriting decisions and avoid escalating claims
Optimize underwriting decisions and avoid escalating claims
Claims and underwriting risks are everywhere. To manage it, you need to be able to see it – immediately. Across property & casualty and workers’ comp, we help you identify good underwriting risks and avoid bad ones. And we alert you to high-risk, high-severity claims before they spiral. As a result, your teams can make more informed, data-driven decisions.
Results we’ve achieved for our clients
80%
10%
44
days reduction in duration of lost-time claims
Key benefits of our P&C and workers’ compensation solutions
- Underwriting
- Price policies more accurately
- Decrease quote turnaround time
- Enable straight-through processing
- Claims
- Reduce cost and duration
- Better utilize your resources
- Drive better outcomes
Today’s biggest challenge? A lack of early visibility.
The costliest claims can be the hardest to predict. That’s because critical signs of risk or escalation are often buried in volumes of complex data. What’s more, lagging data can put you in the position of constantly playing catch-up. Insurers today need a better solution, especially with inflation driving up property repair costs, litigation straining reserves, and caseloads growing.
Empowering your teams to succeed
Applying advanced AI to a vast, proprietary dataset, we provide you with the predictive intelligence tools to quickly identify risk. These tools are all seamlessly embedded into your day-to-day workflows:
Risk scores and severity predictions instantly reveal vulnerable claims or applications
Multidimensional data analysis (economic, health, geographic, demographic, and more) generates a more accurate risk profile
Portfolio stratification enables you to segment and view exposure across your entire book of business to protect margins and optimize reserve adequacy
Faster, smarter, more profitable decisions – from quote to claim
Our P&C and workers’ compensation AI solutions enable you to make bold decisions that can dramatically improve financial performance and human outcomes.
Underwriting and Risk Selection
- Price confidently to win profitable business that competitors overlook while avoiding or mitigating bad risks
- Accelerate quote turnaround times, enable straight-through processing for low-risk applications and capture more business by streamlining underwriting
Claims Management
- Proactively triage and intervene in claims with potentially high severity, so you can assign them to seasoned adjusters right away
- Contain costs and duration by applying the right resources sooner
- Drive better outcomes by speeding up recovery times for injured workers
Portfolio Management
- Monitor emerging loss trends to see exposure concentrations across your book
- Expand safely into new geographic markets or business lines with a deep, data-driven understanding of exposure trends
- Maintain strong reserve awareness so you can ensure stable financial footing
Let’s talk about your business
Request a demo or talk to a sales rep to see how we can take your enterprise further.
Insights that go a step beyond
Improve decision-making with the latest on AI insurance trends and strategies each month.