17 June 2021 – UK InsurTech Send Technology Solutions Ltd (Send) has launched an ‘underwriting workbench’, a global SaaS platform that supports and facilitates the entire underwriting process from submission to bind.
The AI-enriched, API-enabled platform also includes advanced functionality such as bordereaux and cover holder management, and a rating component. The official launch follows two years of operational usage with a major FTSE 100 carrier, one of the UK’s top five composite insurers.
As part of the development, Send also partnered with a start-up MGA in the London market, deploying the underwriting workbench as its core system to track all risks in one place, manage bordereaux and support regulatory compliance requirements.
The Send Underwriting Workbench is a single platform for managing new business, renewals and endorsements that helps insurers and MGAs change the way they model and understand risk.
Send co-founder and CEO Ben Huckel said: “We’ve fused revolutionary technology with deep domain expertise and believe we have the most advanced underwriting workbench on the market. It offers seamless integration of new data sources, and intelligent AI and data processing toolsets provide contextual risk assessment in real-time. Today’s underwriters want to be able to focus on complex challenges without the burden of manual data analysis. Our workbench platform does just that.”
“And it’s a proven solution. Our workbench has enabled a global carrier to regain control over its underwriting process and risk data with a one-stop desktop for underwriters. The carrier has streamlined operations and gained efficiencies and can now lead with forward visibility and commercial confidence.”
Huckel added: “The SaaS underwriting workbench solution is rapid to deploy and is available to any insurer or MGA, regardless of their size. Our platform enables underwriters to eliminate system complexity and to create seamless workflows between systems, even legacy systems.”
For more information, contact:
Matt Beasley: email@example.com, 020 7265 7887
Kirsty Plank: firstname.lastname@example.org, 020 7265 7887
About Send Underwriting Workbench:
Send’s underwriting workbench is cloud-based, API-enabled and AI-enriched with advanced business intelligence capabilities. The SaaS platform automates admin-intensive tasks, seamlessly ingests complex third-party data and standardises underwriting journeys for dynamic modelling.
In addition to core components that automate triage, run appetite checks and provide user-focused dashboards for full visibility, premium components include Rating, MGA Manager, Bordereaux Generator, Bordereaux Processor and Outward Reinsurance Manager.
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 and MGAs to automate, streamline and optimise their operations. It’s a composable platform that gives teams everything they need to be more productive, in one place.
The Send platform moves siloed operations and processes into a unified, efficient solution, providing a consolidated view of all tasks and risks throughout the entire lifecycle. Its automation enables clients to streamline processes, improve predictability, and expand capabilities.