Underwriting


Maintaining underwriting discipline is a complex task as this involves writing the risk selectively and taking the help of every decision-support possible to achieve the company’s combined ratio. With our years of experience navigating the market peaks and troughs, Coforge has developed a unique underwriting instinct. 

At Coforge, we improve the underwriting process by understanding risk combined with our expertise in AI/ML, predictive analytics, and advanced statistical models. This helps us adding real value and supports disciplined underwriting. Our innovative underwriting solution provides an easy-to-use, interactive experience with enough configurability that allows insurance carriers to deliver a powerful decision support tool for quicker and more informed judgments. 

Coforge's next-gen automated underwriting system include:

  • Artificial intelligence and advanced pattern matching to automate the process of underwriting that takes a much shorter time compared to the traditional underwriting method. 
  • A judicious combination of human logic and Artificial Intelligence/Machine Learning, Robotic Process Automation, and sensor technology like IoT to augment risk understanding for better decision making for the underwriting discipline. 
  • Critical insights from intelligent data-driven analysis based on insurance/loss history and outcome prediction resulting in highly effective closure of new business cases with the best-combined ratio for the insurance carriers. 
  • Assessment of risk for new business and quoting capabilities along with integration with common core systems across the insurance value chain. 
  • Cognitive workflow automation with AI-based digital business assistants, multi-currency/multi-lingual/multi-channel experience, image recognition, and NLP.


 

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Why Us ?
  • Improve Combined Underwriting Ratio by 2X with better decision making that augments risk understanding with a judicious combination of human logic and AI/ML, RPA, and sensor technology like IoT
  • Improve accuracy by 25%  with a data-driven approach that provides underwriters a comprehensive risk overview and simplifies the submission process
  • Automated underwriting process supported by AI and advanced pattern matching along with predictive analytics and advanced statistical models that reduce UW manual activities for each new submission by half
     
Get in Touch
Americas+
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Americas & Canada
Coforge Inc.

New Jersey

502 Carnegie Center Drive
Suite #301
Princeton, NJ 08540
Ph: 770-290-6113

Europe+
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Europe
Coforge UK Ltd.

2nd Floor, 47 Mark Lane,
London - EC3R 7QQ, U.K.
Ph: 770-290-6113
Fax: +44 (0) 20 70020701

Asia+
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Asia
Coforge Ltd.

SEZ Developer Unit

Plot No. TZ-2 & 2A, Sector Tech Zone,
Greater Noida, UP 201308, India
Ph: +91 (120) 459 2300
Fax: +91 (120) 459 2301

Rest of the World+
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Rest of the World
Coforge Ltd.

SEZ Developer Unit

Plot No. TZ-2 & 2A, Sector Tech Zone,
Greater Noida, UP 201308, India
Ph: +91 (120) 459 2300
Fax: +91 (120) 459 2301

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