The latest from Verisk for you;
Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has launched a next-generation underwriting platform designed specifically for the London Market. Developed by Verisk Specialty Business Solutions, the platform aims to modernise underwriting operations for insurers and reinsurers navigating increasing complexity and cost pressures.
Specialty insurer and reinsurer IQUW is the first to implement the platform.
The platform is engineered to support rapid innovation cycles and deliver immediate business value. It leverages Verisk’s global data assets, advanced analytics, and deep industry expertise to help insurers respond to evolving market dynamics and regulatory demands.
Key Features:
- API Enablement: Seamless integration with existing systems to reduce complexity and cost.
- Faster Value Delivery: Domain-focused technology supports continuous delivery and iteration.
- Scalability: Built for ongoing enhancements to meet evolving market needs.
- Empowered Underwriters: Advanced pre-bind workflows and data-driven tools for better risk selection.
Chris Spencer, Director of Underwriting Solutions at Verisk Specialty Business Solutions, commented: “The London Market remains a global centre of underwriting excellence, but the landscape is shifting. Our platform is designed to help insurers meet rising client expectations, improve operational efficiency, and maintain a competitive edge.”
Rayner concluded, “Verisk SBS’ new platform has been specifically engineered as a fresh, modern solution, providing insurers with the strategic digital infrastructure needed to enhance underwriting effectiveness, streamline critical workflows, and sharpen their competitive edge.”
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