Data Partnerships Reshape Commercial Risk Underwriting

  • Cytora: Enables underwriting for commercial insurance via its API-enabled Underwriting Platform allowing insurers to underwrite efficiently and offer fairer prices.
  • Squirro: Offers augmented intelligence solutions to provide insights from structured and unstructured data.
  • Convr: Underwriting decisioning platform for commercial P&C insurers, that enables real-time underwriting decisions.
  • Groundspeed Analytics: Automatically turns loss runs, exposure documents and policy files into actionable information, empowering users to identify profitable pools of risk.
  • App Orchid: Transforms the contracting process, improves analysis and negotiation of contracts by ingesting and analyzing historical contracts to author templates based on terms that were proven win-win.
  • Specialist insurer Beazley collaborated with healthcare risk manager The Risk Authority Stanford (TRA) to enhance its claims database, identify trends and improve patient safety.
  • Allianz Global Corporate and Specialty, has combined with analytics company Praedicat to help customers improve their handling of chemicals and better manage risk related to handling chemicals.
  • Specialty insurer XL Catlin, recently acquired by AXA, is working with the Driven autonomous vehicle consortium in the UK to analyze data from the consortium’s trials to determine the risks that are likely to be borne by the manufacturers, owners and operators of self-driving vehicles and develop insurance cover.

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