P&C Re faces challenges on multiple fronts. Swiss Re’s new reserving approach for new business, combined with the pressure to maintain a high SST ratio while navigating a complex and rapidly evolving global risk landscape makes achieving the 2024 combined ratio target of 87% more difficult than ever.
Indico can help. Indico’s Intelligent Intake platform is proven in the global insurance market to drive significant and demonstrable Underwriting Profit increases and Combined Ratio reduction. By automating submissions intake, Indico drives enhanced triage, more effective risk assessment, and increases premiums written.
The Indico Intelligent Intake Platform works by ingesting broker and carrier submissions then deploys AI and Large Language Models to dynamically extract relevant data needed to log the submission and perform initial triage prior to risk selection and pricing. By removing manual effort, submissions can be processed more efficiently and underwriters will spend less time gathering data and more time assessing risk.
Our customers’ results show that when underwriters are more focused and effective, underwriting profits increase while expenses decrease and loss ratios improve. Please see below how a Top 5 European P&C Carrier partnered with Indico to increase Underwriting Profits by 68%.
Senior Strategic Account Executive, Indico Data
If you’d like to further explore what a partnership with Indico would look like, feel free to book a meeting with me.
I look forward to hearing from you. Thanks!