Quess GTS’ Post

Providing #risktriage and #automation for #underwriters are key priorities for #propertycasualtyinsurance and #specialityinsurance commercial businesses. Contact me Frank Bianchi Quess GTS at https://lnkd.in/gkvKTY9a for a demo of new Digital solutions to empower the underwriter, improve pricing and reduce risk. #mga #tpa #mgu #insurancebrokers #carriers #commercialinsurance #insurtech National Association of Mutual Insurance Companies (NAMIC) #weensureyouinsure

The commercial insurance sector faces a $47 billion challenge in an ever-changing risk landscape. To stay ahead, insurers must ditch non-value-added tasks and innovate new products. But talent shortages and data deluge are holding us back. The solution? Intelligent automation! Discover how AI streamlines workflows, provides data-driven insights and enhances risk assessment. https://lnkd.in/ggv3aDDT #TheEdgeQuarterly #CommercialInsurance #ThoughtLeadership #PossibilitiesUnlimited

Did you know that new technologies can help South African businesses stay ahead of economic crimes? As business leaders, we have a unique opportunity to embrace innovative risk management and compliance solutions. By integrating advanced analytics and AI into our systems, we can detect suspicious patterns and prevent fraud before it happens. Predictive risk models flag high-risk transactions in close to real-time, and Veritas is transforming this space with a web-based solution. Veritas streamlines operations by focusing on accuracy and targeting fraud directly, reducing false alarms and investigation times. This leads to smoother claims experiences and informed decision-making, allowing your team to focus on efficiency and integrity. ✅ Reducing fraud, 💰lowering costs, and 🚀enhancing customer trust. 🔗 https://bit.ly/3zofR5K

The Big Shift. Insurers are moving from process-centric to data-maturity models to make faster, better risk decisions. The Capability Maturity Model has driven process standardisation for years, focusing on cost reduction and efficiency through defined, repeatable processes. However, adoption has varied, with standard lines and SME carriers leading the way, while specialty mid-market firms lag behind. This difference in model maturity is a clear point of differentiation in today's market. In this data-driven world, there's an opportunity not just to enhance underwriting efficiencies, but to fundamentally transform the role of underwriters. Our Underwriting Maturity Framework enables carriers to visualise their progress over time and secure organisational buy-in. Download to see your path from process-centric to data-centric underwriting here. https://lnkd.in/eXERYCTP #Underwriting #Insurance #DataDriven #Transformation #Innovation

Insurance written with the "A" of Assurance. Explore insurance risks and solutions in attached webinar from CRO experts and their perspective on AI pitfalls, tech risks and effective communication strategies. Recommended listening.

Today's insurers are embracing digitalisation to enhance their services. Risk Solved can play a crucial role in this journey by providing an overview of all available risk data points, improving the accuracy and delivery speed of information to underwriters. Discover more: https://ow.ly/J5qP50S1BoN #insurtech

Our production-ready data lake can ingest data from any #MGA, #TPA, #Carrier or Third-party policy or claims application establishing your foundation for #Analytics, Reporting and #AI. Contact me Frank Bianchi for a demo. Quess GTS #IIP #singlesourceoftruth #Commerciallines #propertyandcasualty #specialtyinsurance #insurtech

Our latest Intelligent Risk Platform update blog looks at the significant improvements we have made to the usability of our applications as well as key updates for the TreatyIQ™ application to address workflow challenges of managing treaty programs, and the significant strides we have made in transforming OASIS Open Exposure Data (OED) into Exposure Data Module (EDM), a key milestone in addressing the practical challenges of running Moody’s RMS models, client’s home-grown models, and Oasis Loss Modeling Framework (LMF) models on a unified platform. Read more: https://lnkd.in/eubma-Nc #Data #Applications #RiskAnalytics #Innovation #Insurance #Reinsurance #DataManagement

📊 Solvency Regulation – Empowering Effortless Integrity and Analysis 📊 I spend a lot of time evaluating technical solutions across enterprises and an excited to feature one company’s capabilities that impressed me from an investment and financial perspective. Precision and clarity are paramount in the insurance industry. Hedgetech’s RiskCloud uses an effortless, innovative approach to Solvency scenario integrity and analysis 💠 🧩 Scenario Building Blocks: RiskCloud not only has a robust Solvency scenario modelling suite; but also lets you construct them from scenario building blocks. What's truly revolutionary is that these building blocks are maintained as independent scenarios in their own right. This provides three advantages: 1) Integrity: Hedgetech’s granular approach allows the ability to scrutinize results with precision. Easily ensuring that the numbers are accurate and trustworthy. 2) Deeper Risk Understanding: Understanding the sources of risk is fundamental, and RiskCloud’s method provides a crystal-clear view of these granular exposure results. It’s like peeling back the layers to reveal the core of each risk component. 3) Effortless calculation of ORSA Compound Scenario: Saving time and effort by calculating Compound scenarios with a click of the mouse. Imagine analyzing scenarios like an expert, dissecting the seesaw of increasing and decreasing interest rates, or examining the complex interplay of factors on equity instruments. This level of detail empowers analysts to master the nuances of risk. But that’s not all: Hedgetech’s approach enables flexibility to customize internal models and adapt effortlessly to evolving regulations, all without depending on your tech solutions team. Hedgetech is revolutionizing risk. Join them on this journey of stronger integrity and insight 🚀 #calltoaction: Curious to know what are some of the biggest hurdles others are facing around solvency ⬇️ #Solvency #Insurance #RiskManagement #Innovation #Hedgetech 📈 Guy Weissman

More and more insurers and their underwriting teams are leveraging real-time, AI-generated data and insights to drive precision in assessing commercial risks. NeuralMetrics helps insurance organizations boost underwriting efficiency and reduce premium leakage. https://lnkd.in/eDgZhHmH