Achieve Profitable Growth with Intelligent Underwriting Decisions.

Llyod’s and London marketspace’s policies are typically underwritten by multiple entities or a syndicate underpinning the liability to the syndicated market. By using efficient underwriting systems, the carriers can streamline the entire process from quote to policy. This can help to reduce paperwork and manual processes, reduce errors and costs associated with incorrect decisions, and provide a better customer experience.

At Coforge, our team of experienced professionals have a deep understanding of risk, allowing us to underwrite policies with careful consideration of potential risks. Our AI-driven solutions provide an interactive experience with enough configurability to support decision-making that ensures a disciplined underwriting process. Our next-gen automated underwriting system includes:

• Artificial intelligence and advanced pattern matching to automate the process of underwriting which takes a much shorter time compared to the traditional underwriting method. 
• A judicious combination of human logic and artificial intelligence/machine learning, robotic process automation, and sensor technology like IoT to augment risk understanding for better decision-making.
• Critical insights from intelligent data-driven analysis based on insurance/loss history and outcome prediction resulting in highly effective closure of new business cases with the best-combined ratio.
• Cognitive workflow automation with AI-based digital business assistants, multi-currency/multi-lingual/multi-channel experience, image recognition, and NLP.