Federato RiskOps Underwriting Platform
Federato’s AI-driven underwriting platform powers the operational transformation required for profitable growth.
Powering underwriting transformation
An overwhelming number of submissions coming in, with no clear way to keep underwriters up-to-date on appetite, leads many organizations to write only 20-25% of the high-appetite business available to them, creating higher reinsurance costs and disadvantages vs. their competitors.
Federato’s RiskOps platform identifies submissions from the underwriter’s inbox, then prioritizes them for underwriter review based on your current appetite. The most promising deals get in front of your underwriters first, driving 2.8x more "high appetite" quotes.
Learn more about automatic submission triage
Underwriters’ time is precious, but most insurers lack the visibility to know where best to spend that time. As a result, many underwriters spend up to 40% of their time on deals they can’t actually win.
With Federato, AI-powered decision support rates and sorts each account by how well it fits your appetite, and how likely you are to win it. This helps underwriters focus on only the highest-appetite, most-winnable deals, and improve hit rate by up to 15%.
Learn more about decision support
Disconnected systems and data sources force underwriters to double as data clerks, and millions of dollars in IT spend haven’t fixed the problem. The average underwriter still touches 8-11 systems every day, with some reporting that they only have 4-8 hours per week to spend on deep work.
From internal guidelines to third-party data integrations, the Federato platform can proactively surface any information your team needs to review a risk, reducing systems up to 87%. Your underwriters will never need to flip screens to another system.
Learn more about end-to-end workflows
Whether your rater is a proprietary engine or housed in a spreadsheet, Federato can provide your underwriters a robust, modern interface for using it, without leaving the platform.
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For underwriting organizations moving away from email submissions, Federato can provide a portal for agents and brokers to directly create new submissions, and check the status of submissions already being considered.
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Empower your underwriters
Our federated data graph pulls in everything your underwriters might need to access, both from within your organization and from third-party data sources.
By leveraging advanced Al, the Federato platform can evaluate submissions by appetite and winnability in real time, and rank them for underwriters' consideration.
The Federato platform delivers a world class digital underwriting experience from submission to bind, in a single location.
