Our customer utilizes a unified system aligned around common underwriting, product and distribution strategies, which is what they call A Single View of Risk. This differentiated organizational principle allows the business to originate specialty risks, while responding with speed, capacity and innovative product solutions.
In this case study, we will look at how the leading global specialty insurance group leveraged the power of big data to provide a streamlined underwriting flow with the agents, and improved their internal efficiency with speed and capacity of writing risks. This has resulted in the business being able to scale their business model and write more business with greater confidence with a much smaller group of underwriters.
This leading carrier also has a unique approach to the carrier-broker relationship, where they believe that mutual sharing of information brings value to both parties and fosters better business. The enrichment of the data set by Terrene’s Underwriting AI on the insured, is shared with the broker in case the business decides to decline the risk.