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Processes Insurance

Reprice exposure every morning

Exposure repriced every morning against overnight currency moves, from the records your underwriters already trust, with every figure traced to the policy and the rate it came from.

See also AI Systems

Bring the records together

Scoping starts from how your desk prices exposure today: which policy, treasury and claims records it reads, and which decisions belong to an underwriter. The system reads those records where they live. Nothing is copied out, and nothing is migrated.

Example request

Reprice the marine and property books against this morning's currency moves. Use the treasury file from 6:00, our own rate tables, and flag every policy that moves more than our referral limit.

  • Reads policy, treasury and claims records in place
  • Applies your own rate tables and referral limits
  • Records which rate moved every figure

Review the morning figure

Before the desk opens, the system lays out the repriced exposure by book, currency and policy, with the working attached to every figure. Underwriters can ask why any number moved, compare it with yesterday's, or hold a policy for a closer look before anything is updated.

Example request

Why did the marine book move overnight? Show me the five policies that moved most, the currency behind each change, and how today's figure compares with the last three mornings.

  • Exposure by book, currency and policy
  • The rate behind every change, on the record
  • Comparisons with any earlier morning

Hand on the exceptions

Anything outside your limits goes to the underwriter who owns it, with the policy, the rate and the reason attached. A person approves every change before it reaches the policy system, and every decision is logged against the record it touched, ready before the auditor asks.

Example request

Send the three policies above our referral limit to the marine desk with the working attached. Hold the rest for my approval, and add a note to each record explaining which currency move changed it and by how much.

One process first

Tell us how this process runs today and we will scope it with you.