Media kit

PRESS RELEASE

Leading InsurTech Send Technology Solutions Ltd (Send) has secured a top spot in Celent’s latest reports “Unlocking Underwriting Success: The Rise of Underwriting Workbenches” for North America and Global Markets.

The reports place the Send Underwriting Workbench in the top right-hand quadrant for strong operational efficiency and enhanced underwriting decision-making.

Send’s AI-enriched platform facilitates the entire underwriting process for carriers from submission to bind, and beyond. In real-time, Send’s AI-powered underwriting workbench turns complex data from across the business into a single customer view. By using advanced intelligence and data processing tool sets, the platform helps insurers write better business, faster.

Karlyn Carnahan, head of Celent’s North American insurance practice commented:

The modern underwriting workbench is a powerful tool that has the potential to transform the underwriting process. Those that can deliver both efficiency and improvements in decision-making deliver the greatest impact.

Send has implemented multiple Underwriting Workbench solutions in both the US and UK markets, won several awards, and announced a $10m Series A funding raise. Apart from Celent, Send has earlier been named a “Leader” in this category by IDC and Datos as well.

Send’s CEO and co-founder Andy Moss said:

It is an honor to receive this recognition. Celent’s reports reaffirm Send’s commitment to empowering commercial and specialty underwriters to fully optimize and automate their operations and change how they model and understand risk. Send will continue to lead the digital revolution for the insurance industry and help today’s underwriters become ‘bionic’ and thrive in the underwriting landscape.

Celent’s reports “Unlocking Underwriting Success: The Rise of Underwriting Workbenches” for North America and Global Markets are available upon request here.

ENDS

For more information, contact:

Vivek Vinayak: pr@tmd.ca

Notes to Editors:

About Send:

Send is a rapidly growing InsurTech software company based in London with global reach.

The company has developed an innovative connected workbench that enables insurers to automate, streamline and optimize their underwriting operations. It’s a composable platform that gives teams everything they need to be more productive, in one place – a single platform for data, decisions, and documents.

The SaaS platform brings complex data out of silos into one solution, providing a consolidated view throughout the lifecycle. Its automation enables new and mature insurers to eliminate rekeying, improve predictability, and work smarter.

https://send.technology/

Send Facts

Date Founded


Send Technology Solutions Ltd (‘Send’) was founded in 2017

Founders

Send was founded by Andy Moss, Ben Huckel, and Matt McGrillis.

Offering

Send Underwriting Workbench is a one-stop desktop for commercial and specialty underwriters – data, documentation, decision points all in one place.

Send Stats

• $4bn in GWP processed via Send platform annually
• Mature workflow for P&C and specialty carriers – over 60 LOB templates
• Using Send reduces processing time up to 50%
• $10m Series A funding in Nov 2022
• Over 80 employees in Europe, North America and India

Industry Stats

• 30-40% of an underwriter’s time is spent on administrative tasks, such as manually executing analyses – McKinsey
• 82% of insurers believe they need to innovate faster than ever to keep a competitive advantage – Accenture
• Up to an 18-month timeline for insurance companies to implement alterations to the underwriting process – Deloitte

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