Fractal Industries Launches Innovative Managing General Agency
2019 MAY 30 (NewsRx) -- By a
Fractal AIDP allows insurers to automate much of the underwriting process for any class of business, and within a single platform offer insureds multi-class policies. AIDP can also provide underwriters with real time integrated aggregation tools, tail risk analysis, true risk transfer costs, and insight into impacts on regulatory capital. AIDP is structured to support insurance, reinsurance or retrocession views of risk and can integrate vendor models, Fractal models, and client models within the underwriting process.
Fractal is targeting the growing small to medium-sized (SME) insurance market in the
“We realised from the outset that too many of the solutions being offered to the insurance community were only part solutions, and that there was a need to create an underwriting platform that could not only integrate data, analytics and AI and the skills of the underwriter, but was inter-operable with broker platforms, back office accounting systems and third party models,” said
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