Smarter Underwriting: 20% Faster Processing | 90% Geocoding Accuracy

Client Overview

A specialty insurance and reinsurance service provider was under pressure to bind critical quote accounts within a 72-hour window, requiring speed, precision, and reliable loss modelling

Problem Statement

• Time-sensitive quote processing within 72 hours led to operational bottlenecks and compliance concerns.
• Inconsistent data processing and modelling disrupted underwriter timelines and accuracy.
• Loss reports were frequently delayed or inaccurate, hampering informed decision-making.

Solution Provided

To overcome these challenges, Decimal Point Analytics implemented a comprehensive underwriting support solution

• Automated Workflow Monitoring: Prioritized quote requests through active work basket monitoring for faster task completion.
• Advanced Modelling: Integrated AIR Touchstone for accurate, detailed loss reporting.
• Decision Intelligence: Equipped underwriters with well-structured insights, assumptions, and scenarios to accelerate strategic actions.
• Geocoding Automation: Employed an in-house tool for real-time geocoding and rapid data scrubbing, ensuring clean, location-verified data inputs.

Outcome

• 20% reduction in overall underwriting turnaround time.
• 90% accuracy in geocoded data, improving modelling inputs and downstream reporting.
• Greater trust in loss reports, resulting in faster and more confident underwriting decisions.
• Seamless quote handling through refined, tech-enabled workflows.

Key Takeaway

Timely, accurate data-powered by intelligent automation and precision modelling-transforms underwriting from reactive to strategic, enabling insurers to meet strict SLAs with confidence.

Facing operational pressure to accelerate underwriting without compromising on accuracy?

Book a call with our experts to explore our AI-powered underwriting solutions and see how we can streamline your process.