High Definition Vehicle Insurance (HDVI) analyzes huge amounts of information; they pull real-time data from telematics devices installed in semi trucks to feed six analytical models, to offer dynamic premium pricing and incentives for good driving. To power this strategy, HDVI needed an underwriting platform that could handle a huge volume of data, integrate with a wide variety of tools, and simplify their workflow so underwriters could deliver quotes at competitive speed despite a more complex process than their competition. We spoke with the team at HDVI to hear firsthand how RiskOps has helped enable their fundamental business strategy of being a data-centric MGA. Watch the full video here: https://lnkd.in/gVF2YmsZ
Federato
Insurance
San Francisco, CA 3,488 followers
When underwriters have real-time risk selection and portfolio insights at their fingertips, profitable growth follows.
About us
Federato's RiskOps underwriting platform for insurance carriers, MGAs and MGUs provides real-time risk selection and portfolio insights to empower underwriters to balance their book of business and make better underwriting decisions.
- Website
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http://www.federato.ai
External link for Federato
- Industry
- Insurance
- Company size
- 51-200 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2020
Locations
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Primary
San Francisco, CA, US
Employees at Federato
Updates
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Velocity Risk had way too many submissions to get through, and their first-in, first-out system was leaving good risk on the table. Their underwriters needed a way to identify, quote, and secure the right deals faster. By integrating their unique appetite score with Federato’s winnability score, Velocity was able to organize submissions into quadrants, allowing underwriters to prioritize high-appetite, high-winnability submissions. This drove an 89% decrease in average time to quote, while the percentage of bound policies categorized as high appetite improved by 3.7x. Read the full case study:
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Big congrats to our partners at Redline Underwriting! Very exciting to see this new solution live in the market, and we’re proud to be a part of their journey.
Exciting News from Redline Underwriting! We are thrilled to announce the launch of our new Property Facultative Reinsurance solution, now available across Latin America and the Caribbean. Backed by Lloyd’s of London, this new offering is part of our commitment to providing tailored solutions and exceptional service to our brokers and carriers in the region. A big thank you to all our partners who made this possible. We look forward to continuing our mission of innovation and excellence in the reinsurance market! #UnderwritingTheRightWay #RedlineUnderwriting #Reinsurance #CoverholderatLloyds #LloydsOfLondon #InsuranceInnovation #LatinAmerica #PropertyFacultative #MGA Adriana Cisneros Juan Salazar Alfonso Baca Sigler Francely Vicens Jorge Garcia Lascurain Mike R. Marco Juárez Domínguez Yelhis Hernández MSc Federato RMS
Redline Underwriting Unveils Property Facultative Reinsurance Solution for Latin America — Redline Underwriting
redlineuw.com
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⭐ Tomorrow at 2pm ET! Federato COO Megan Bock explains how emerging tech like AI is impacting underwriters' career development, and how to use it to your advantage. Register now! https://lnkd.in/dexDcDYT
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ICYMI: See you this week! There's still time to register ⬇
🚨Calling all insurance leaders!🚨 Ever felt like you're playing a never-ending game of Risk with your underwriting strategy? Well, we’ve got your back! Change the game, and join this webinar where we'll unpack the secrets to success for mutual insurance companies. What’s on the agenda? ✅ Understanding of the conditions impacting the new era of risk management ✅ Frameworks to move from fragmented point solutions to integrated systems ✅ Strategies for portfolio management and optimization Whether you're a seasoned pro or just starting out, this is one webinar you won't want to miss! When: [August 28, 10am PST | 1pm EST] Save your spot now: <<https://lnkd.in/gPsCMWJM>>
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➡ Next week! Don't miss Underwriting: What AI Will Mean for Your Career, hosted by Federato COO Megan Bock, CPCU, ARM at 2pm ET August 28, part of NAMIC's educational webinar series. New technology is transforming how underwriting gets done, and what success looks like - which also has a big impact on business and career development for underwriters and underwriting leaders. In this session, Megan will discuss how emerging technology like AI is changing the business, and how to use these capabilities to your advantage in your own career. Register today! https://lnkd.in/dexDcDYT
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🚨Calling all insurance leaders!🚨 Ever felt like you're playing a never-ending game of Risk with your underwriting strategy? Well, we’ve got your back! Change the game, and join this webinar where we'll unpack the secrets to success for mutual insurance companies. What’s on the agenda? ✅ Understanding of the conditions impacting the new era of risk management ✅ Frameworks to move from fragmented point solutions to integrated systems ✅ Strategies for portfolio management and optimization Whether you're a seasoned pro or just starting out, this is one webinar you won't want to miss! When: [August 28, 10am PST | 1pm EST] Save your spot now: <<https://lnkd.in/gPsCMWJM>>
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How do MGAs and mutuals meet big portfolio targets, with the same (or fewer) people on the team? By addressing the root problems that hold underwriters back in the first place. ✅ In this blog, we look at three common issues that impact underwriting productivity - and what to do about them. https://lnkd.in/dJdSQXAz #underwriting #insurtech #insurance
Increasing Underwriting Productivity, Without Increasing Headcount | Federato
federato.ai
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We’re pleased to welcome Dave Frechette to Federato! https://lnkd.in/gPywQarW Dave is a 3x CRO and proven GTM leader with deep SaaS experience, and a record of success at companies like Clarion, Check, and Zuora. He joins Federato’s existing sales leaders Page Wiggins and Seth Egliht, who together bring over 100 years of B2B enterprise software sales leadership. Said Federato CEO Will Ross: “It’s a testament to the strength of the platform we’ve built and the value we provide our customers that so many talented senior leaders have been attracted to Federato. I look forward to leveraging their combined strength and focus to achieve even greater results for our customers.”
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Welcome to the sales team, Jordan Scheiber! 🎉 #hiring #insurtech #AI #insurance