As well as enriching and enhancing asset data, this component allows you to map data to standard template. It also enables you to maintain assets as changes are advised.

The component generates bordereau, summarising risks written and paid, as well as production of claims bordereau. It also has the capability to tailor output in the format your insurers need.

• AI / remembered mappings to reduce the time and effort in the mapping process especially where bordereaux formats change
• Geocoding to get accurate location data (down to building location) for MI and exposure reporting
• Configurable rules engine to monitor MGA and Coverholder performance against all applicable contract data
• Ability to correct data within the mapping process / handling errors and cleansing data within the mapping process
• ‘Sub mapping’ ability that cleans and streamlines data within the mapping process to market or internal values.
• Reconciliation of risks, premiums and claims data at a policy and transactional/financial level
• Cross bordereaux rules to validate individual risks across risks, premiums and claims records
• Workflow/referrals within the mapping process to handle breaches and escalations
• Kanban-type dashboards to allow for easy workflow management

The Business Rules Engine simplifies tools to define and maintain business rules. The components applies rules throughout the process, while driving automated and manual referrals for breaches of rules.

This component allows you to view all risks for insured and reinsured clashes. It also identifies potential cross marketing opportunities and duplication of risks.

Connect is an insurance-focused integration and data transformation platform. It is cloud based and provides a scalable and highly secure capability, designed to simplify system integration.

An intuitive administration UI supports the creation of code-free integration routes with, guaranteed delivery and complete auditability across the platform as standard. The platform incorporates a full document repository with supporting APIs and malware detection.

In addition, the platform offers the following key advantages:

• Development speed is greatly enhanced with the use of pre-built connectors for the leading Policy Admin, Rating, CRM and many other systems enabling legacy systems to be easily connected.
• A highly scalable and lightweight micro-service architecture with a fully automated deployment mechanism.
• A real-time view of API and integrated systems with alerting and pro-active management.
• Security at the heart of the platform. All data is encrypted in transit and at rest.

Contract Certainty offers configurable checklist of required checks. The component also triggers referrals when rules are breached and stores all results for audit purposes.

The component applies automated checks including real-time sanctions, anti-money laundering, politically exposed persons and adverse media. It also offers trigger referral processing and fuzzy logic checks.

You can read more about the component in this blog.

This component cleanses and augments incoming data to improve and enrich data quality. Right first time data feeds directly into underwriting and exposure modelling.

We also provide data enrichment services for company verification, peril data, geo-location and sanctions checking, with a growing list of providers and capability across the globe.

Document Generation allows you to design your own document templates, as well as build and manage your own document creation.

Our Intelligent Data Processor uses AI to extract data from unstructured formats into structured processable data. It can also automatically map incoming data, while feedback loops into the AI engine to reinforce learning.

This component of our award-winning Underwriting Workbench releases data trapped in documents in seconds. From spreadsheets to PDFs, let the Intelligent Data Processor do all the heavy lifting so you don’t have to.

Management Information offers rich data to provide analytics on volume conversion rates. The component also allows you to view volumes of inflight transactions by team or individual, as well as utilising predictive analytics to highlight expected peaks and troughs.

This component manages and co-ordinates the onboarding of MGAs, ensuring all required checks are completed. It provides routing tools to request checks are carried out by a separate team, as well as storage of all associated documents.

MGA Manager also offers oversight of bordereau receipt and submission recording, in addition to highlighting overdue bordereau.

Additional features include:

• Detailed real-time analysis of MGA and Coverholder performance across all LOBs
• Company sanctions check autoruns each time there is new activity on the coverholder
• Conversational workflow which doesn’t delay the onboarding process
• Referral ability within the onboarding process
• PDF analysis to pull key data and tables from PDF scanned documents e.g., contracts
• Kanban-type dashboards to allow for easy workflow management
• Configurable due diligence and financial questionnaires for onboarding and reviews
• Advanced AI to validate every piece of Coverholder business and run detailed analysis on variances

Outward Reinsurance Manager allows you to record and monitor outward RI transactions from quote to bind. The component also captures the full details of reinsurers.

Send Pricing Engine allows you to import existing spreadsheets or build raters with the programming language of your choice and create models that leverage the strengths and simplicity of both Excel and R/Python.

You get to control end-user access, to make changes quickly and to automate light-touch elements, removing all the stress from the usual pricing process. Plus, third party data sources are easily integrated.

The result? Faster, richer, real-time pricing.

Program Builder structures placements across layers and markets, and helps to visualise the progress of your program. The component also allows you to easily identify incomplete markets.

The Submission Portal enables online presentation of key documents and forms such as quote requests and referrals as well as the scheduling of data and bordereau submissions.

The component also provides up-to-date account metrics and the ability to view documents and raise enquiries.

Submission Triage allows application of business rules to determine priorities. It also enables automated routing of work to the appropriate teams, as well as automated submission creation based on existing information. 

Submissions can be delivered manually through our UI, automated API, queueing technology or extracted from emails.

Workbench is a commercial insurance platform which supports and facilitates the underwriting process, from initial enquiry to bind.

It provides a single customer view of data, empowering users to make the right decisions at the right time. Tasks and workflow are driven by intelligent assist features created to optimise, automate and enhance.

Workbench delivers a complete view of the business portfolio, providing operational and strategic insight to help drive decisions and conduct business with commercial confidence. 

Workbench has been built to align with the following key design principles:

• Customer information is keyed once, providing a single-entry point for data entry, data cleansing and data enrichment.
• Data is collected at the right time in the right place.
• Where information is available, or already held in alternate systems, that data will be pulled into the platform as required. This is accomplished through Send Connect.
• Advanced artificial intelligence and data processing toolsets will automate the receipt and upload of risk and asset schedules and bordereaux.
• Advanced operational MI must provide a comprehensive view across all risk data, to facilitate efficient management of operations and focus of teams.
• Workflow must be easy to configure and support non-linear processing to allow teams to operate in the most flexible and efficient manner.
• Integration flexibility to alternate systems must be easy to accomplish. This enables integration with a myriad of systems for data enrichment, and facilitates the upgrade and decommission of peripheral systems as required.