Automated underwriting screening
Improve combined ratioExperience shows us that you only need to reject 1-2% of applicants in order to improve your combined ratio up to 5 points. Using automated risk screening during the underwriting process allows you to quickly onboard honest customers while instantly identifying those who could be risky or looking to defraud you.
Without automated screening during underwriting, you’re exposing your business to adverse risk selection and premium leakage… and maybe even worse. Our recent demo at ITC gives a glimpse at how easy – and important – such a screening can be in today’s digital world.
This short demo movie shows you how it works.