Data collection
Data and documents needed for insurance risk assessment may come from external systems integrated with Comarch Insurance Underwriting, the ones that:
- process insurance applications
- administer insurance policies
- collect documents and responses to medical questionnaires.
Data from external systems needed for risk assessment are stored in the system as the underwriter’s dossier. In addition to the current case data, the dossier also contains a history of changes and operations, and gathers previously performed assessments of the insured person.
Automated underwriting
The automatic risk assessment includes:
- configuration of the risk assessment survey
- determining requirements for the insured person (document delivery, doing check-ups, etc.)
- automatic decisions based on business rules which may include personal data, responses to a medical questionnaire, application data, or the history of the insured person.
A decision made on the basis of automated underwriting may entail:
- acceptance on standard conditions
- rejection of the insurance application
- addition of premium surcharges, clauses or the exclusion of single risks
- case referral back to manual handling.
