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What is Shift Underwriting Risk?

Shift Technology’s Underwriting Risk Detection is an AI-powered SaaS solution that aids insurance firms in enhancing their underwriting procedures by detecting fraud, misrepresentation, premium loss, and risks associated with networks throughout the policy application process. Utilizing sophisticated predictive modeling and anomaly detection methods, it meticulously analyzes quotes and applications, monitors changes post-binding and during renewals, and uncovers threats such as identity theft, collusion among agents, ghost broking, hijacking of policies, and alteration of documents or images. The platform effortlessly connects with various external data sources, provides instantaneous alerts, and presents underwriters with clear outputs that include insights for contextual decision-making. Moreover, it supports ongoing learning, enabling the system to adapt as new risk patterns emerge. Its architecture is designed to accelerate the underwriting process, improve pricing accuracy, protect policyholders, reduce losses, and empower organizations to grow their portfolios with enhanced assurance by identifying risky behaviors early on. Overall, this cutting-edge solution marks a pivotal evolution in how the insurance sector manages risk, ushering in a new era of efficiency and security. Furthermore, its ability to adapt to changing market dynamics ensures that insurers remain competitive in an ever-evolving landscape.

What is EbixAdvantage?

EbixAdvantage is a comprehensive and fully integrated enterprise administration platform specifically designed for property and casualty insurance carriers, aimed at streamlining the entire operational workflow from quoting and underwriting to policy management, issuance, claims processing, billing, and accounting. This platform employs a centralized database that allows for the initial entry of data just once, which is then shared across different modules, providing effortless access to policyholder information, documents, images, and additional resources throughout the system. The user-friendly interface is crafted to enhance usability, featuring workflows that intuitively guide users to the correct screens, generate follow-ups and task assignments, and maintain tracking indicators and audit trails to ensure accountability. Furthermore, the system's configuration is highly adaptable; it includes a rules-based, table-driven “product builder” that empowers users to define and modify products, lines of business, rating criteria, underwriting screens, document templates, and validation rules without the need for advanced programming skills. This level of flexibility not only boosts operational efficiency but also caters to the evolving demands of insurance carriers, ensuring they can respond swiftly to changes in the industry. Thus, EbixAdvantage stands out as a vital tool for insurance professionals seeking to optimize their processes and enhance service delivery.

Media

Media

Integrations Supported

Integrations Supported

Microsoft Excel
XML

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Shift Technology

Date Founded

2013

Company Location

France

Company Website

www.shift-technology.com/products/underwriting-risk

Company Facts

Organization Name

Ebix

Date Founded

1976

Company Location

United States

Company Website

www.ebix.com/ebixadvantage

Categories and Features

Categories and Features

Insurance

Not specified

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