Verisk A-PLUS Reviews

Macaw AMS serves as a robust platform for selling insurance, utilized by brokers, MGAs, MGUs, Program Managers, and Lloyds Coverholders to streamline their business processes effectively. Designed with a focus on customer needs, it encompasses functionalities for CRM, Sales, and Underwriting, providing customers, producers, and service providers with access to user-friendly self-service portals. Additionally, Macaw AMS includes integrated Document Management and Task Management features, along with adaptors for seamless services such as eSignature, Payments, OFAC checks, and Mass Emailing, utilizing third-party solutions. The data analytics capabilities of Macaw AMS deliver advanced data visualization through predefined dashboards, enabling users to upload datasets and explore dynamic charts that offer insightful, multi-dimensional perspectives. With interactive, real-time visualizations, users can identify trends and derive insights that promote well-informed decision-making. Hosted on a secure cloud infrastructure, Macaw AMS is built on a relational database, with its primary Java-based components crafted in Java, allowing for efficient processing of 500-1000 policies daily at peak performance. As a notable benefit, Macaw AMS aims to decrease the per-policy costs by 30%, making it an attractive choice for insurance professionals looking to optimize operations. Ultimately, its comprehensive features and cost-saving potential position Macaw AMS as a transformative solution in the insurance industry.

Predict360, developed by 360factors, serves as a comprehensive risk and compliance management platform designed to streamline workflows and improve reporting for various financial institutions, including banks, credit unions, and insurance companies. This cloud-based SaaS solution consolidates essential components such as regulations, compliance management, risk assessments, controls, key risk indicators (KRIs), audits, policies, and training into one cohesive platform while offering powerful analytics and insights that help clients foresee risks and enhance compliance efforts. If your current Governance, Risk, and Compliance (GRC) system isn't equipped with an effective analytics and business intelligence tool for creating insightful reports for executives and board members, consider Lumify360 from 360factors. This predictive analytics platform can seamlessly integrate with any existing GRC, allowing you to maintain your workflow processes while equipping stakeholders with the timely reports and dashboards they require for informed decision-making. With these advanced tools at your disposal, you'll be better positioned to navigate the complexities of regulatory compliance and risk management.

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.