Decimal Point Analytics
Hero Image
Success Story

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.


Background
Transform Business for Tomorrow

Stay ahead in a world driven by data and disruption. Whether you're looking to enhance efficiency, unlock new revenue streams, or future-proof operations, our AI-led, analytics-powered approach is built to scale with your vision. Let’s turn challenges into opportunities together.