By combining the power of data analytics and unprecedented speed, you enable your commercial underwriters with actionable insights – so you can trust the information sent by insureds and write only the risks you want.
Vendor
FRISS
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Fully understand your commercial risks
Empower your commercial lines underwriters by delivering real-time intelligence and advanced analytics on commercial risks. Elevate decision-making, mitigate risks, and optimize underwriting efficiency for superior outcomes in the dynamic landscape of commercial insurance. Embark on a journey towards a balanced customer onboarding and healthy portfolio.
Improve turnaround time from days to just minutes
Risk Insights
Data gathering is enriched and simplified, by aggregating information from traditional and nontraditional sources to build a true picture of each risk. The advanced, easy-to-use solution with an extremely user-friendly interface, takes on the chore so you can focus on the core – quality underwriting. Your benefits:
- 90% time savings for writing new policies
- Comprehensive risk assessment
- Insights and analytics on risk attributes
NAICS Classification
Calculate risks based on current conditions and uncover violations, business practices and previously hidden information. NAICS classification helps ensure honesty, verify necessary licenses and inspections, and allows you to properly write the business you want in your portfolio. Your benefits:
- Know your Customer’s Operation
- Understand if there are multiple operations
- Gather information/manage filters based on Carrier’s appetite
Book Snapshot
Receive updated information covering every aspect of the underwriting process: liabilities, violations, special conditions, and many more. Feel more confident in your underwriting decisions, and always know exactly the risk level of their portfolio. Your benefits:
- Audit/Review of programs/MGAs/MGUs/Book Rollovers/M&A’s
- Reinsure with confidence
- Portfolio insights for renewal/risk control
ACORD Ingestion
Use ACORD forms to create a baseline for risk assessment. Automate the process of inputting and reviewing information. Get a thorough report that combines information in the documents and our own risk assessment. Free up more of your time. Your benefits:
- Automated Data Ingestion
- Trigger Underwriting Insights using ACORD data
- Improve data completeness and accuracy