AmeriTrust Selects Xponent Underwriting Workstation from Intellect SEEC for Underwriting Transformation
BiznextIndia : AmeriTrust Group, Inc., a leading specialty commercial insurance company based in the U.S., has chosen Xponent Underwriting Workstation from Intellect C for underwriting transformation. Intellect Xponent, a big data and AI-based underwriting workstation, will be deployed to improve the company's underwriting efficiency and boost profitability.
AmeriTrust wanted to improve efficiency, replacing multiple legacy systems and manual processes. In addition, it was looking to enhance the ease of doing business with its agents by increasing collaboration. To improve its risk selection and pricing, AmeriTrust sought a solution that could assess risks holistically.
AmeriTrust joins a growing group of carriers who are moving away from core replacement projects in favor of modern technology (big data, AI, and cloud-based) solutions.
Intellect C is an early proponent for the deployment of a dedicated workstation for driving underwriting outcomes. Intellect Xponent leverages big data and machine learning, and wraps around an existing PAS, extending the system's capabilities as well as the life of legacy assets. The product provides access to thousands of third-party data sources which, when combined with internal data, generates a well-rounded risk profile of the client. It makes underwriting account-centric, giving an underwriter complete visibility into an insured, across all business lines and products. And most importantly, it enables underwriters and agents to seamlessly collaborate in real time.