P/C Commercial Underwriting Workbench

Insurers must consider several factors before implementing underwriting workbenches.

Increasing competition, growing complexity, rising regulation, and an aging underwriter workforce are putting pressure on commercial P/C insurers. In response, insurers are turning to underwriting workbench solutions to streamline the underwriting processes and improve productivity, quality, and collaboration. Moreover, modern underwriting workbenches are leveraging AI and automation to help insurers make faster and better decisions.

This report reviews trends in modern underwriting workbenches, discusses their typical and differentiating capabilities, and profiles 12 stand-alone underwriting workbench solutions and two low-code/no-code solutions. It is based on interviews with prominent providers, conversations with industry CIOs about technology needs and market gaps, and secondary research across public domain sources such as vendor websites and press releases. This report profiles the following vendors: AdvantageGo, Appian, Artificial Labs, Cytora, Federato, Innoveo, Insillion, Insurance Quantified, Insurity, IntellectAI, Kalepa, Majesco, Mea, Mendix, and Send.

Clients of Datos Insights’ Property & Casualty service can download this report.

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