Driving Digital Innovation in Underwriting

Transforming Risk Pre-Assessments with AI-Powered Efficiency

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The underwriting process is at the heart of every insurance policy, determining risks, pricing, and coverage conditions. However, traditional risk pre-assessments are often time-consuming, complex, and prone to inefficiencies. That is why we at amaise are proud to be part of the German underwriting initiative, working alongside the largest German insurers to revolutionize this critical process.

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The Key Benefits of AI-Powered Automation

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Our cutting-edge digital solution significantly enhances underwriting efficiency, making risk pre-assessments faster, more accurate, and less labor-intensive. Through automation and artificial intelligence, insurers benefit from:

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• 50% Reduction in Workload: AI-powered automation reduces manual effort, freeing underwriters to focus on complex cases and strategic decision-making.
• 60% Higher Policy Conversion Rate: Faster risk assessments lead to quicker policy issuance, improving customer experience and boosting business growth.
• More Precise Decision-Making: AI enhances accuracy in risk evaluation, reducing errors and inconsistencies in underwriting processes.

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The Digital Transformation of Underwriting

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In collaboration with Versicherungsforen Leipzig GmbH, we have developed an industry-wide solution that integrates seamlessly with existing insurance workflows. This initiative does not just optimize insurer operations; it also enhances engagement for brokers and customers alike. By automating document analysis and risk evaluation, the processing time for risk pre-assessments is significantly reduced, allowing for quicker responses and better service delivery.

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The Data-Backed Impact: Faster Responses Drive Higher Conversions

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Studies conducted within this initiative reveal a compelling business case for digital underwriting. The results show that insurers providing faster risk assessments experience a 60% increase in policy conversion rates. Customers appreciate quicker decisions, and brokers benefit from streamlined application processes. The entire insurance ecosystem stands to gain from an accelerated, data-driven underwriting approach.

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A Collaborative Industry Solution

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This initiative is not just about technology—it is about collaboration. Multiple leading insurance companies are already on board, contributing to the refinement and scaling of this industry-wide solution. By leveraging the expertise of sector leaders and integrating AI advancements, this project is growing in technical sophistication and practical relevance.

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Scaling Innovation with Senacor’s Industry Cluster

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To further strengthen the adoption of this solution across the insurance sector, Senacor is establishing an innovation cluster. This initiative aims to support widespread industry adoption, ensuring that insurers can integrate AI-powered underwriting seamlessly. The full-scale industry integration of this solution is scheduled for 2025.

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Learn More: Video Showcase

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Want to see the solution in action? Check out our showcase videos:

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• Showcase video (in German): Watch here
• General overview of amaise's AI solution (in English): Watch here

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The future of underwriting is digital, and amaise is at the forefront of this transformation. By leveraging AI, automation, and industry collaboration, we are making underwriting faster, more efficient, and more precise than ever before. Stay tuned as we continue driving innovation in the insurance sector!