Insuranceciooutlook
CHSI Technologies: The Insurance Industry Game-Changer

Top 10 Underwriting Tech Solution Companies - 2018

 

Underwriting has always been the heart of the insurance industry. It is a process that enables underwriters to evaluate the level of risk involved in providing insurance to a person, home, car or anything valuable. Conventionally, underwriting has been a back-office work, but with the changing tradition, it is now shifting to being a front-office function. The role of underwriters has also changed with time. Unlike earlier when they had to depend on the information provided by the applicant, they are now using ML to estimate the risks that come with the information given.

Not only this, but insurance industry underwriters are also leveraging advanced technologies, like AI and predictive analytics to detect fraud and transform data into valuable insights for better decision making and to gain a remarkable edge in the market. Though these transformations indicate that the next generation of underwriting is here, underwriters still need to keep an eye out for the changes and look for solutions that help them in stay ahead of the competition.

As technology has become a fundamental part of the underwriting process in the insurance industry, vendors have bombarded the market with advanced solutions claiming to offer the best. To help insurance organizations choose the right underwriting solution, a distinguished panel comprising of CFOs, CIOs, analysts and the Insurance CIO Outlook editorial board has reviewed companies and shortlisted the ones that are at the forefront of providing cutting-edge technology solutions. The listing provides a look into how these solutions are put into use so that you can gain a comprehensive understanding of how they will optimize business processes.

Insurance CIO Outlook presents to you “Top 10 Underwriting Solution Providers - 2018.”

Top Underwriting Tech Solution Companies

To level the playing field for small and mid-market insurers by providing the highest quality technologies at the most affordable price

chsiconnections.com

Provides carriers, brokers, MGA/MGU, as well as agents with an automated underwriting bonding platform to provide a holistic and exceptional surety experience throughout the bond lifecycle

esurety.net

Improves speed, accuracy, consistency, and cost through machinelearning and data mining based Underwriting Automation

www.omni.sc

Cape Analytics

Cape Analytics

Provides instant property intelligence for buildings using deep learning and geospatial imagery, enabling insurers to access valuable property attributes at time of underwriting

EIS Group

EIS Group

Provides cloud-enabled and mobile ready digital insurance core platform allowing carriers to move their business closer to their customers

Flyreel

Flyreel

Provides AI-assisted underwriting solution for commerical and residential properties

InsurData

InsurData

Provides API technology- Exposure Engine that fits into existing workflows and process via the client’s internal system or third-party vendor technology at the point of underwriting

Praedicat

Praedicat

Provides cutting-edge solutions to ease the processes of underwriting and management of casualty risk for insurers

Sapiens International

Sapiens International

Provides web-based solution-LifeSuite for automated underwriting and new business case management

Sureify

Sureify

Offers cloud-based underwriting data platform with analytics and reporting for executive overview