You are here: Solutions for Insurance > Deal Foundry Underwriting

DealFoundry | Underwriting enables a collaborative business process for Producers and Underwriters to submit, assess, quote and close business opportunities.

With DealFoundry, underwriting workflows are streamlined, underwriting discipline is enhanced and underwriting teams are empowered to make informed decisions.

Key Features

Producers and Underwriters can collaborate throughout the Deal Lifecycle

• Producers can submit Applications in two ways, i.e. either from their Agency system or from a Web portal
• Application data is evaluated upfront with instant feedback on indicative Rates, exceptions; real time Alerts
• Share views of Case folder through eSpaces; negotiations can be conducted via Chat, Screen Share

Underwriters get an unified view of all Case information and insights

• All information (Application, Correspondence, Loss Info, Reports, Quotes, Narratives, Analytics, ..) in one place
• Intelligent report ordering, augmentation of Case information; Information flows in without being re-entered
• Management gets real time view of business metrics like pipeline, loss exposures, etc; through Dashboards

Disciplined management of Underwriting operations

• Cases are assigned to work queues based on rules; exception based processing (if needed); monitor metric
• Workflows to manage approvals; esp. for manual overrides
• Enforce Authority levels at all time; maintain rich audit trails

Automated Decisions to guide Underwriters and Producers

• Pre-qualify applications; check against risk appetite; tier risks & customers; identify price modifiers
• Match Products to Segments; rapidly operationalize Product management intent
• Generate rates accurately and consistently; Easily define (and modify) rates, rating plans and modifiers

• Reduce underwriting lead times and data re-entry
• Handle more submissions with the same underwriting team while maintaining underwriting discipline and quality
• Provide better experience to Producers and Customers
• Rapid implementation ROI (cycles of 3 months or less)