ENTERPRISE SCALE UNDERWRITING THROUGH A SINGLE PANE OF GLASS
Increase efficiency and meet critical deadlines through centralized visibility, management, and administration.
PROFIT FROM THE FUTURE WITH OUR TRUSTED UNDERWRITING WORKBENCH
Maximize risk mitigation – Improve Underwriter decision making with AdvantageGo’s proven Underwriting workbench that creates clarity and insight from the analytics locked in your data.
Implementing an underwriting workbench is a strategic business decision requiring insurers to ensure their investment is in a trusted and proven product. Our Underwriting workbench, used today by some of the world’s leading insurers, proves the credibility of our offering.
Go digital with flexibility – Streamline and unify your business operation(s) with our modular workbench functionality and integrate with core systems & trusted third-party data services to create consistency and standardization across your entire business workflows.
Rapidly transfer data and files directly from a user’s inbox into the Underwriting workbench via AI powered data extraction, expediting workflows and providing a dynamic perspective on priority tasks and key risks.
INTELLIGENT UNDERWRITING IS NOT WORKFLOW DRIVEN, NOT EVEN TECHNOLOGY DRIVEN. INTELLIGENT UNDERWRITING IS NOW PROFIT DRIVEN
Underwriting
Enterprise scale underwriting through a single pane of glass
- Efficiently manage all operations with one centralized view so that priority tasks can be processed with deadlines.
- Improve relationship management and amplify the customer experience with quicker process turnaround and a 360° view of customers and partners.
- Eliminate the need to cross check key information across disparate systems and data silos with a single record system.
Underwriting
RELEASE UNDERWRITERS TO UNDERWRITE
- Seamlessly ingest emails and attachments directly to your underwriting workspace in less than 60 seconds with our ingestion tool.
- Significantly boost efficiency and reduce Underwriter overhead by an estimated 25% by ingesting data with no human touch and quickly identify incomplete submissions.
- Works straight out of the box with a variety of industry standard document structures.
- Management insights and analytics, including document accuracy, work completeness and value enables confidence in data that’s been provided by the brokers.
Underwriting
UNDERWRITING ROCKET SCIENCE WITHOUT THE SPACE PROGRAM
- Rapidly create and modify insurance products using self-service configuration tools that provide flexibility and speed.
- Preconfigured templates by line of business are available out of the box, accelerating time to market.
- Dial up or down the level of automation as the complexity and value of the business changes.
- Govern the underwriting process in adherence to Ombudsmen, county and state specific requirements with underwriting workflow and business rules for regulatory compliance as standard.
OUR UNDERWRITING WORKBENCH MAKES POSSIBLE
REDUCTION IN QUERIES
REDUCTION IN HAND OFFS TO SUPPORT TEAMS
ALL RATING INTEGRATIONS
IMPROVED PEER REVIEW EFFICIENCY
FEATURES
Cognitive intake
Use our Outlook add-in tool to digitize ingested emails and attachments and store them against any submission or quote, with accurate insights and analytics on data extractions.
Business insight & analytics dashboard widgets
Get product, party and portfolio related analytics from underwriting data and use third-party analytics widgets to surface financials and ratios from a central data environment.
Underwriter decision support
Risk anomalies and external insights are shown at the point of underwriting with our AI insight widget, through integrated, real-time, third-party data services.
Complex multi-section risks
Cater for any commercial non-life product lines, including multi-currency, multi-jurisdictional and multi-line business in a single contract, and complex and multi-signed structures.
Commoditized product offerings
Develop new and improve existing insurance products, pre-configure or tailor products and any aspect of the business rules and create a hierarchy of product offerings.
Product configurator
Build a commercial non-life product from the ground up or use an out-of-the-box template and tailor as required, with versioning and configuration tools.
Workflow designer
Utilize self-service administration and configuration to manage workflow stages aligned to each company’s underwriting operational procedures.
Form designer
Manage the quote information to be captured at each stage by dragging and dropping fields onto a screen painter, and configure layout for different business roles.
CHUBB GLOBAL MARKETS GOES LIVE WITH ADVANTAGEGO’S UNDERWRITING WORKBENCH
Chubb is the world’s largest publicly traded property and casualty insurance company and CGM is its London Market wholesale and specialty business, including the insurer’s Lloyd’s platform. Chubb began working with AdvantageGo’s connected Underwriting workbench last year to consolidate pre-bind risk information for its syndicate and companies market data.
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FIND OUT HOW ADVANTAGEGO CAN IMPROVE UNDERWRITING EXCELLENCE…
“Connected specialisms’ is what I preach. So here at AXA, we have our AdvantageGo user interface trading product workbench, but it’s connected to WTW’s Radar Live for pricing sophistication and other providers for the likes of geocoding. What you have is an underwriting ecosystem of really top-end solutions.”
DAVID OVENDEN,
CUO, AXA
“Underwriting’s allocation engine delivers a more intelligent distribution of the peer review workload across our teams, eliminating bottlenecks and enabling reviewers to complete 20% more reviews in the same time compared to our previous system.”
STEVE BARDELL,
COO, ASCOT
WANT TO LEARN MORE?
Download our Underwriting workbench data sheet and see how you can drive excellence and discipline throughout the underwriting process.
DownloadRelated Insights
Enterprise scale underwriting
through a single pane of glass
