Homeowners Renewal Underwriting demo
The whole renewal book re-read against new hazard, roof and claims data; underwriters decide only the policies that changed. 1:12
What the demo shows
A renewal solution for home insurers that re-scores each policy on new hazard and roof data.
Every renewal is re-scored 90 days out on new hazard, roof, claims and aerial data; the 7% that changed come to the underwriter as a deck of cards, each with last year's and this year's roof under a slider and the score split factor by factor, to swipe Renew, Re-rate or Inspect.
Transcript
- Homeowners Renewal Underwriting re-scores home renewals on new hazard and roof data.
- Today, underwriters read every policy by hand, racing 60-day notice deadlines.
- Overnight, agents re-scored 18,000 renewals, 1,200 need a person.
- On the Brennan's roof, Jenna drags the slider, missing shingles appear and the score jumps 18 points.
- Each factor is split out.
- Shingles 8, overhang 4, age 3, wildfire 3.
- An image alone never ends a policy, so the agents advise an inspection.
- She swipes to inspect, a letter naming each reason waits for her signature.
- Only renewals whose hazard or roof change to reach an underwriter, each with its reasons.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.