Uniting data, streamlining collaboration, automating compliance, and optimizing strategies for global insurance carriers and high-growth MGAs.
Streamline data management with RiskOps' “Federated” approach, consolidating and synchronizing your scattered data for quicker, more efficient decision-making. Say goodbye to data juggling and enhance risk management.
This is the power of the RiskOps platform. We now have the chassis that we can start to bolt other things to, and all those other data providers now just become an API integration seamlessly in the workflow. The underwriters can make better decisions using that data without having to do extra steps.”
RiskOps streamlines underwriting workflows, making collaboration and efficiency a breeze. We develop tailored, enforceable procedures for your unique processes, uncovering growth opportunities and ensuring sustainable success.
We had made numerous attempts to initiate a digital transformation in underwriting in recent years – it was a source of tremendous frustration. Working with Federato was wildly different. In a matter of weeks, we advanced our operations technologically by two decades!”
RiskOps eliminates redundant data processing steps and automates others. By removing time-consuming effort and bottlenecks, we improve deal flow and empower you to seize opportunities and drive growth.
For me, the measure of success is when the platform fades into the background and the underwriters can focus on making good risk decisions and interacting with their agents or brokers."
Federato offers a flexible platform to help your business adapt quickly and outpace the competition. Say farewell to slow, cumbersome in-house solutions and welcome technology that empowers your future.
Federato has been huge for us – not only does the platform help us deliver the speed, intelligence, and efficiency our clients demand, the team has worked with us to avoid millions in startup costs and increase our capacity by more than 3x as we grow our business."
Streamlined compliance and workflows reduce non-compliance risk. Configure RiskOps to seamlessly align your operations with changing regulations, guidelines, and standards, so you can focus on core business activities with peace of mind.
We didn’t have a single place for all of our documentation – it was all in our heads or buried in emails, and it wasn’t integrated as part of our workflow. We were stepping on each other’s toes, and as we continued to grow, we realized that if we didn’t fix the problem now, it would snowball into something major later."
Results-oriented opportunity selection models, tailored to your strategies, are injected into the underwriting workflow based on industry and data-driven insights. This results in optimal resource allocation and better decision making.
From day one, Federato has enabled us to operationalize our unique strategies in a way that empowers our underwriting team to make better and more consistent risk selection decisions based on our distinctive approach to appetite and winnability at speed and scale, turning around quotes for our brokers faster than our competition."
The ability to operationalize insights from real-time, 360 degree views of portfolio, team, and underwriter performance enables underwriting leaders to proactively steer the portfolio and achieve evolving goals.
Underwriters today are looking for modern technology and tooling that helps them to be more productive and meet their goals. Federato’s RiskOps underwriting platform is an integral part of the next-generation tech stack we are building, and is central to helping us attract top talent to the company. The ability to demonstrate strong portfolio controls to our reinsurance partners will also help us gain capacity for future growth."
Federato uses AI to enhance underwriters' abilities and expertise. This modular approach allows insurers to adopt these capabilities gradually and selectively, building trust as they advance in their AI journey.
Scans hundreds of pages of guidelines in the context of an account and isolates the questions an underwriter should ask from the ones they could ask.
Dynamically analyzes winnability based on hundreds of market data points to help underwriters concentrate on opportunities where they are most price competitive.
Clusters thousands of accounts based on dozens of similar characteristics to enable underwriters to review and learn from their peers’ analysis of similar risks.
Allows customers to train, host, deploy, or connect to proprietary models ranging from natural catastrophe to telematics entirely within the RiskOps environment.
Ranks thousands of risks relative to the portfolio using a businesses’ existing rate, retention, accumulation, and new business goals and guidelines.
Combines rules and client-proprietary algorithms to assess appetite, referral requirements, and instantly enable auto-declination or straight through processing.
RiskOps combines a unified UW workflow with real-time risk data and modular AI solutions to proactively balance your portfolio.
This foundation substantially transforms an underwriting organization by improving underwriting productivity, precision, and outcomes to maintain your differentiation in a competitive marketplace.
The optional Federato Broker Portal helps insurance organizations improve the broker experience by strengthening relationships between underwriters and their brokers and agents, streamlining the underwriting process from submission to quote.
The Form Manager delivers optional forms management, assembly, population and issuance capabilities.
Rate-Price-Quote brings optional rating pricing and quoting functionality into the core workflow. Detailed exposure and coverage information as well as rates and rules are continuously integrated throughout the evaluation, pricing/rating and quote process.
Core to the platform is a Federated Data Graph which connects disparate sources in real time. The federated approach allows for legacy systems and ongoing data transformation to exist simultaneously while providing a single point of access for actionable application data.
The difference between RiskOps and what has traditionally been called an ‘underwriting workbench’ is as big as the difference between ChatGPT and the Google Search we’ve used the last 25 years. Bringing the power of AI to portfolio management represents a fundamental step forward, and we believe insurance is about to have its 'AI Moment' with Federato at its core."
To keep the conversation going, and answer any questions you may have, let’s schedule a 30 minute discussion about how our RiskOps platform can benefit your organization.
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