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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 RiskVille?

RiskVille is a cloud solution for risk and insurance management, built for MGAs, insurance agencies, brokers, carriers and service providers such as claims handlers, captive managers and third-party administrators. Built on more than 20 years of insurance experience, RiskVille serves clients across Europe and North America, automating routine work so your team can focus on clients. Manage your entire operation in one system: - Quoting and underwriting: a separate quoting engine for each product, built in Excel and automated by RiskVille for instant quotes. - Policy administration: branded policy documents generated in one click with underwriting details and merge fields, renewal monitoring and automatic renewals. - Billing and finance: automatic invoicing for new business, renewals and midterm changes, with general-ledger integrations for e-conomic, Microsoft Business Central and QuickBooks. - Claims management: claims handled from first notice of loss to close, with AI-assisted reserving and an SLA dashboard across programs. - Broker tools: RFQ to request and compare quotes from multiple carriers, plus time tracking for billable hours. - CRM and documents: a 360° view of each client, with emails and documents automatically linked to the right policy or case. - Reporting: scheduled reports, full BDX reporting and a built-in Report Designer. - Portals: secure logins for policyholders and partners, with permissions down to document level, and online certificates of insurance. RiskVille supports compliance with workflows, a full audit trail and automated actions. It is hosted on Microsoft Azure, available 24/7, GDPR compliant and audited by Grant Thornton. With RiskVille Exchange, insurance providers and purchasers on RiskVille can integrate directly. Customize the platform yourself without developers: add product and claim lines, workflows and templates. New programs go live in days, and the user-based license has no hidden costs.

Media

Media

No images available

Integrations Supported

Integrations Supported

Aspose.PDF
Chatra
Dinero
Microsoft Dynamics 365 Business Central
Microsoft Outlook
QuickBooks Accountants
SendGrid

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

€900 per month
Transparent license based on number of users. Implementation, training, hosting and support included. No hidden costs and no extra charge for customization.

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

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

RiskVille

Company Location

Denmark

Company Website

www.riskville.com

Categories and Features

Categories and Features

Insurance Agency Management

Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Policy Management
Property & Casualty
Quote Management

Insurance Analytics

Not specified

Insurance Billing

Not specified

Insurance Claims Management

CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Reporting

Insurance Underwriting and Rating

Broker / Agent Portal
Comparative Insurance Rating
Customer Portal
Multiple Line Rating

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