Announcing powerful underwriting solution
for Personal and Commercial lines
Every Insurance carrier dreams of an optimized
underwriting and rating solution that is comprehensive and
able to deliver results in this competitive segment. The
underwriting process is complex, amplified by the number
of parameters and the dependencies among them. Yes, there
is no standardization of these variables or how they
relate to one another. However, InsuranceIsland, through
decades of experience and research, has developed
proprietary software called “InsWrite”. InsWrite was
developed during Masters thesis research by one of
the founders of InsuranceIsland. InsWrite provides
simple rule-based interface to configure the
carriers’ acceptable values for underwriting
parameters.
Once configured with carrier
specific information and some customization,
InsWrite will assist you in evaluating the risk
using your underwriting rules, so that the risk is
accurately priced, or rejected. The system
implements sophisticated feed back controls –
allowing resubmission of data, additional parameters
as requested etc.
InsWrite allows carriers to
enforce underwriting guidelines for agents – limit
coverage values, disallow addition of drivers etc.
The quotes can be routed to home office underwriters
based on certain risk criteria.
Features:
-
Secured login
and access control
-
Define underwriting rules, edits
and rate factors (date sensitive)
-
Real time analyzer that
recommends and implements rules
-
Implements complex driver
assignment logic
-
Maintain risk assessment rules
-
Shrink rate revision and
implementation times and lower your cost
-
Ease of installation and
customization
-
Driver Assignment tier logic
Harness the power of insurance experts, agents
and technology from InsuranceIsland.
InsWrite is a
comprehensive solution with an integrated rating
engine - InsRate.
Carriers have the choice of using their existing
rating system or customize the
InsRate with rates and factors.
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