Question: Can you recommend a tool that can improve the underwriting and rating process for property and casualty insurance?

If you're looking for a tool to improve the underwriting and rating process for property and casualty insurance, Verisk could be an excellent choice. As a leading data analytics and technology partner to the global insurance industry, Verisk offers a wide range of tools and services designed to enhance the insurance value chain. These solutions include underwriting and rating, risk assessment, and data reporting efficiency, all powered by AI and advanced analytics to help insurers make better decisions and drive growth.

Another notable option is Insurity, which provides a cloud-based insurance software solution with a fully integrated platform for policy, billing, and claims management. The platform incorporates AI-powered insights and a dedicated AI Assistant to support the entire insurance lifecycle, making it a comprehensive solution for property and casualty insurance carriers, managing general agents, and self-insured organizations.

For a more AI-assisted approach, Quanata offers contextual risk prediction and mitigation solutions that leverage next-generation AI and real-time telematics. This platform is designed to improve underwriting and marketing through behavioral risk modeling and scoring, and it also supports claims modernization with telematics-driven optimization.

Lastly, CCC Intelligent Solutions provides a cloud-based platform with intelligent experiences that connect data and advanced AI to deliver personalized and efficient interactions across the P&C insurance industry. This platform is ideal for stakeholders looking to enhance claims process improvements, repair management, and enterprise solutions with a strong focus on data exchange and AI-driven decision-making.