Primary focus product area whilst in the Accelerator: Improving UW tools and processes I Increasing access to insurance I Product & service consolidator
KASKO used its time in the Lab to build underwriting workflows that allowed simple risks to be automatically quoted and bound, while referring complex risks to underwriters for manual review and adjustment of quotes and coverages. These manual adjustments were automatically fed back into the digitally supported workflow to reduce the time taken to alter coverages.
Looking to re-register with Lloyd's in Brussels, one insurance brokerage found more stringent requirements had been placed on how underwriting data was collected, stored and reported. KASKO offered a quick and flexible way to migrate excel-based work into a cloud-based solution with enhanced security, audit trails, reporting tools and flexible workflows.