Automated Underwriting

Underwriting & Actuarial – improve operational efficiency

Streamline underwriting by accelerating risk research…

Many organisations face a similar challenge - resource to output: how to get more out of the resource you have. Within the insurance industry often much of the 'resource' time is spent gathering the information needed to decline, accept, process or renew a risk. Be it the Broker manually keying information into the Carrier’s web based solution, the underwriter verifying what’s been provided and the risk, or the Insured themselves entering information into a portal to enable their assessment – it all takes time and drives up costs.

D&B’s Solution

D&B can deliver much of the business information needed in the underwriting process. From automated population of key identification data such as SIC codes and business address or financial information such as size and stability of a business, D&B’s information can be delivered into your systems or viewed in stand alone applications.

By delivering data into your systems, D&B can help the automation of declines and ratings, mitigate the need for lengthy information gathering and inform you of changes to the organisation you are assessing. D&B’s data can also be used to remove the need for Brokers or the Insured’s to fill out all areas of an application, reducing the barriers to trading with your business.