25th September 2023: Send Technology Solutions Ltd (Send) has been named a Leader in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment.
The IDC MarketScape evaluated the current capabilities and business strategies of nine vendors through rigorous quantitative and qualitative analysis and named Send as a “Leader” in the 2023 vendor assessment. According to the report, ‘Send Underwriting Workbench is an insurance-focused solution that sets itself apart with its comprehensive features, offering a seamless and intuitive user experience.’
The report listed Send’s key strengths as:
- Deep domain expertise and innovation
- Comprehensive data integration capabilities
- A learning-oriented approach
- Financial stability and growth
The IDC MarketScape further cited, “It has a clear vision for the industry and is aware of market trends.” The report also said, “The architecture is built around microservices, and the platform has solution accelerators that work with all major lines of business across geographies with over 40 lines of business. Send’s technology architecture is designed to be flexible, scalable, and customer-driven, with a focus on automation, customization, and integration with third-party systems.”
Co-founder and CEO Andy Moss commented:
“We’re proud to be named a Leader in this IDC MarketScape report. As a business, we have one mission: to transform commercial insurance. Every component and feature we’ve developed for our Underwriting Workbench reflects a deep knowledge and understanding of the art of underwriting, and consideration for how we can apply a scientific approach to help insurers streamline operations and drive better results.”
Report author, Davide Palanza, Global Head of Insurance Insights Research Practice, IDC Europe added:
“Congratulations to Send for being named as a ‘Leader’ in this year’s vendor assessment. We were impressed by the user-friendly configurable solution designed for underwriters by a team that understands the market and the pain points facing their customers.”
“Send has committed to elevating user experience by automating submission creation and triage with customizable workflows for different lines of business, implementing conversational workflows, optimizing documentation, and simplifying audits – everything is clearly designed with the commercial and specialty underwriter in mind.”
Send Underwriting Workbench is built for the P&C market. The SaaS platform helps carriers automate, streamline and optimize their underwriting operations. It’s a one-stop desktop for underwriters – a single home for data, documentation and decisions.
The platform brings complex data out of silos into one solution, with mature workflows for over 40 lines of business. Advanced automation eliminates rekeying, enriches data and removes process waste and takes the stress out of the underwriting process so underwriters can do more of the work they love.
You can access an excerpt copy of the report here.
Report reference: IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc #EUR151182723, September 2023).
ENDS
For more information, contact: Kirsty Plank: kplank@fullcirclecomms.co.uk, +44 20 7265 7887
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 re/insurers and MGAs to automate, streamline and optimize their underwriting operations. It’s a modular platform that gives teams everything they need to be more productive, in one place – a single platform for managing new business, renewals and endorsements. 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 carriers to eliminate rekeying, improve predictability, and work smarter. https://send.technology/
About The IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors