UNDERWRITING

UNDERWRITING

Better evaluating the risk level connected to insurance applications

Underwriting is the process of evaluating the risk level connected to insurance applications to see if it’s possible to offer the subject a policy and, if so, how much coverage they’re eligible for.

In case of approval, the amount of risk assessed determines the pricing level represented by a recurring premium. Optimal pricing in the insurance sector enables profit maximization by allowing operators to gain market share.

CRIF provides trusted data, a powerful set of predictive analytics, and tools to enhance pricing, improve underwriting process and to augment fraud prevention at the earliest stage.

Customers, brokers and agents expect a fine balance of high tech and high touch; digital tools must be leveraged to enhance customer experiences, operational efficiencies and services.

CRIF boosts underwriting performance and speed through smart collaboration tools enabling remote inspection and therefore eliminating the need for third-party services with the advantage of fast and timely decisions.

  • Fraud prevention
  • Scores
  • Dossier finalization
  • Technical assessment
  • Predictive analytics
  • ML Risk models
  • Remote collaboration
  • Remote Inspection
  • FRAUD PREVENTION

  • PREDICTIVE ANALYTICS

  • ML RISK MODELS

  • REMOTE INSPECTION

HOW WE HELPED OUR CLIENTS UNLOCK THEIR POTENTIAL

Discover how some of the world's most important companies improved their performance and defined a brand-new digital path, both for them and for their clients.

for an important insurance company

SCORE FOR MTPL

Development of a Traffic Score tailor-made on the portfolio of the Insurance Company Support to embed it within the pricing process

  • Traffic Score
  • >5 Mln

    Counterparties enriched

  • >400 k

    Available cadastral units

for an important insurance company

ESG Custom Score

Development of a custom ESG Score for “Employer’s Liability” and “Property” products API deployment of the solution for online access at underwriting stage

  • ESG Custom Score
  • >90 k

    Counterparties enriched

  • API

    Online access at underwriting stage

for an important insurance company

Theft and Burglary

Developed a Theft and Burglary score available for more than 4.000 zip codes in Italy

  • Theft and Burglary score
  • >4 k

    Postal codes available

GET IN TOUCH WITH THE SALES TEAM

What does the next digital journey of your business look like? Let's find out together.