guard - global underwriting automated risk defender
TRANSCRIPT
To improve profitability, managing underwriting exposure effectively is essential. With a rise in
frequency and severity of natural disasters, insurers are forced to reexamine their risk selection
and underwriting processes. Catastrophic exposure assessment is becoming a focus area for
many insurers and an integral part of the front office underwriting process.
GUARD – Global Underwriting Automated Risk Defender
Limited information about property and exposure poses a threat to risk assessment during underwriting. Without
these details insurers face challenges such as inaccurate pricing, poor risk selection and higher reinsurance costs.
Mindtree’s GUARD framework offers a near real-time exposure measurement for insurers, helping them
optimize and automate exposure management during underwriting. It empowers underwriters to make
informed decisions during the risk selection process.
GUARD provides accurate and better assessment of
catastrophic risks at a specific property or location. It
supports processing of partial property data received from
brokers or prospects available at the underwriting stage.
It augments data with the details necessary for generating
exposure insights. It offers real time integration for address
verification, property valuation and catastrophe modeling.
Predefined templates and intuitive reports ease
interpretation by underwriters and risk managers.
GUARD offers an efficient workbench for exposure
management. It enables insurers to make informed pricing
decisions and streamline portfolio level risk analysis. It
reduces the likelihood of unanticipated loss in catastrophe
prone areas and minimizes cost of reinsurance significantly.
Mindtree offers flexible approaches to implement GUARD.
GUARD in premise: This traditional in-premise hosting
provides insurers better control over their data and resources.
GUARD in Cloud: This is a highly secured SaaS model which
assists insurers to take advantage of Cloud.
Key features Comprehensive workbench for underwriters Real-time integration for address verification, property valuation and CAT modeling tools Simple tools and templates to assess location level exposures
To know more about GUARD and other insurance services, contact [email protected]
or visit us at http://www.mindtree.com
©Mindtree Ltd 2013www.mindtree.com
About MindtreeMindtree is a global information technology solutions company with revenues of over USD 435 million. Our 13,000 experts engineer meaningful technology solutions to help businesses and societies flourish. Mindtree's consulting-driven approach makes us a strategic partner to over 40 Fortune 500 enterprises.
Intuitive reports and dashboards for effective pricing and underwriting Ease of integration with underwriting and policy administration systems
Optimal pricing Effectively price a quote based on exposure and valuation details. Improved pricing discipline and underwriting process.
Improved insights during underwriting CAT exposure information is readily available to underwriters. Portfolio / account level risk assessment and reporting.
Ease and speed of underwriting Simple tools and templates for exposure management and reporting. Offers automated gateway for location verification, property valuation and CAT results.
Minimize exposure Near real-time information on exposure. Improved risk selection and assessment during underwriting.
GUARD