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26 September 2022 – Leading UK InsurTech, Send Technology Solutions Ltd (Send), was celebrating last week as it took home the prize for ‘Technology Innovation of the Year – Underwriting’ at the 2022 Insurance Times Tech & Innovation Awards.
The entry was built on the success of the business’s market-leading Underwriting Workbench, which launched in 2021. A SaaS and AI-enriched underwriting platform that supports and facilitates the entire underwriting process for (re)insurers and MGAs of all sizes from submission to bind, and beyond, the Workbench provides the core system for underwriters to track all risks in one place, manage bordereaux and support regulatory compliance requirements.
Judges commented on the ability of the Workbench to ‘enable underwriters to spend time more creatively, serving commercial insurance market needs.’
The Send Underwriting Workbench has attracted international acclaim since it launched, with one client stating:
“The Underwriting Workbench has enabled us to really streamline our commercial insurance operations and accelerate our ability to make fast intelligent underwriting decisions. Notably we’ve automated the quote process and materially improved the operational risk and control environment. Plus, our underwriters even describe it as software they actually want to use!”
Co-founder and CEO Ben Huckel commented;
“This is an incredible moment for our team. When we launched Send just five years ago, my co-founders and I couldn’t have envisioned just how quickly the business would grow. The past year in particular has been outstanding. We’ve expanded the business internationally into the US market, rolled out new areas of functionality, added a number of new customers, and now we’ve taken home our first major industry award for our Underwriting Workbench.
We’d like to thank our team, customers and partners for their continued support, and the judges for their recognition.”
To find out more about the Underwriting Workbench, click here: Send Underwriting Workbench – Send
To see the full list of winners of the Insurance Times Tech & Innovation Awards, click here: Winners – Tech & Innovation Awards 2022 (insurancetimes.co.uk)