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Insurity expands its cloud-based underwriting tool in London

By Gloria Methri

April 24, 2023

  • Blueprint Two
  • Credit Decisioning
  • Digital Transformation

Insurity, MGAs, Dream Payments, J.P. Morgan Payments, Digital Payments, Sure Claims Payments Solution, API, Embedded Payments Services, P&C Organisations, FinTech, Financial Institutions, Real Time Payments, ACH Payments, USAInsurity, the provider of cloud-based software for insurance carriers, brokers, and MGAs is launching its Sure Underwriting Workbench in London.

Sure Underwriting Workbench’s low code, configurable rules engine empowers London market carriers, MGAs, syndicates, and brokers to focus more on risk assessment and less on routine tasks to increase underwriting efficiency.

Insurance organizations in London reportedly face steep challenges in assessing risk and navigating an increasingly complex regulatory environment. Additionally, carriers and syndicates have to adopt the newly pledged Blueprint Two initiative, the digital services framework based on ACORD standards, that will make the placement, accounting, and claims settlement efficient and establish a standard core data record (CDR).

Sure Underwriting Workbench automates routine decisions by coordinating work and collecting information into a single platform, allowing underwriters to dedicate more capacity to assessing the complex risks expected in the London market.

Sure Underwriting Workbench is capable of integrating with any rating system and can access data from any API-enabled system. These capabilities can reduce the underwriting tools required by 50%, consolidating all data, documents, and decisions into a single platform and making the adoption of the CDR and the wider Blueprint Two initiatives more manageable.

“The London market is undergoing a massive digitalization initiative, and carriers, syndicates, and others need underwriting solutions that can easily interact in the future digital ecosystem,” said Sylvester Mathis, Chief Insurance Officer.

“Sure Underwriting Workbench integrates with any system, and the Blueprint Two framework will enable Sure Underwriting to accelerate and simplify insurance organizations’ digital transformation. Underwriting efficiencies realized through reporting dashboards, collaborative workflows, and easy-to-use APIs drive the required return on investment.”

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