Increase the speed of data consumption and provide fast consolidated portfolio views and net positions

Delegated authority business is an important part of the global insurance market, providing policyholders with increased choice and capacity enabled by the extensive reach and expertise of managing agents. However the complexities and formats of data received by coverholders, and the mechanisms by which data is distributed by agents, create massive challenges for syndicates, coverholders and TPAs.

Quickly provide consolidated portfolio views and net positions
Increase data quality & accuracy of risk, claims and premium data
Improve operational efficiency and reduce expense ratios
Automate the data prep process and enable new risk standards

Challenges

  • Complex data formats prevent views of consolidated portfolios and net positions
  • Manual data preparation creates information lags increasing expense ratios
  • Current processes create operational inefficiencies and slows data consumption
  • Out-of-date information for exposure management makes it difficult to allocate aggregates
  • Current processes delay the adoption of new risk standards and regulatory requirements

How Quantemplate helps

Quantemplate increases the speed of data consumption by automating the data prep process utilising machine learning to implement rules and data standards

Delegated Authority
  • Quickly provide underwriters with consolidated portfolios and net positions
  • Enable accurate allocation of aggregates with up-to-date exposure information
  • Efficient processing of claims data improves reserving accuracy
  • Reduce operating cost and complexity of modeling and underwriting processes

How does Quantemplate work?

Quantemplate is a self-service, cloud-based, automated data solution built for re/insurance professionals

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