Intellect Xponent - Product Overview
Xponent, the underwriting solution from Intellect, is an intelligent workbench that utilises our big data and risk analysis frameworks to deliver a workflow orchestration that takes the stress out of the underwriting process.
Xponent provides contextual risk assessment, allows underwriters, brokers and risk specialists to collaborate, and improves data quality on agency-submitted proposals to help deliver:
- Reduction in combined operating ratios
- Reduced time from submission to issue
- Friction-free underwriting
- Increased renewal retention
- Reduced underwriting leakage
Product Highlights
A truly revolutionary product that applies the power of Machine Learning, big data and workflow to define the future of underwriting.
Artificial Intelligence
With just the input of a company name, Xponent searches across thousands of data sources matching the company, identifying risk indicators with advanced natural language processing, while learning from the underwriter on the best data to use.
Configurable workflows and rules
Highly configurable workflows to drive efficiency in the underwriting process. Business users can set the authority, manage automated work assignments for better turnaround time and improvements.
Advanced risk analytics
The insurance industry’s most advanced risk assessment tool that can search, aggregate, analyse and visualise not just the history and facts relevant to a case, but also provide leading indicators of potentially adverse events in the future. This foresight enables you to underwrite with contextual risk analysis.
Multi-product, multi-quote view
Combine quotes from multiple lines of business in a single view and do away with repeated data entry. The software pre-fills the data, shortens the time to quote by a huge margin and equips producers to compare various pricing options on the same submission.
Document management
Capture, track, store and link documents to corresponding submission or account electronically. Participating parties such as agents/brokers, experts and underwriters can upload documents on account from multiple devices and shared in context to categories. It also comes with ready-to-use connectors with leading document management systems in the industry.
Product Features
Intellect Xponent is an intelligent workbench that utilises our big data and risk analysis frameworks to deliver a workflow orchestration that takes the stress out of the underwriting process.
Xponent provides contextual risk assessment, allows underwriters, brokers and risk specialists to collaborate, and improves data quality on agency-submitted proposals to help deliver:
Reduction in combined operating ratios
Friction-free underwriting
Reduced underwriting leakage
Reduced time from submission to issue
Increased renewal retention
Awards and Accolades
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