Xponent

An AI & MI-powered automated insurance underwriting solution for commercial lines carriers and MGAs, offering contextual risk assessment and streamlined underwriting processes.

Xponent is an advanced AI and MI-powered automated underwriting solution designed for commercial lines carriers and MGAs. It provides contextual risk assessment capabilities to help streamline the underwriting process. The platform has evolved to offer complete quote and policy lifecycle management, including ISO-based rating, through its integration with InsureMO. This comprehensive solution aims to enhance efficiency and accuracy in commercial insurance underwriting, enabling carriers to make more informed decisions and manage risks effectively.

Feature List

  • AI & MI-powered underwriting
  • Contextual risk assessment
  • Complete quote and policy lifecycle management
  • ISO-based rating
  • Integration with InsureMO
  • Commercial lines focus
  • Automated underwriting workflows

Use Case Scenarios

  1. A commercial lines carrier could use Xponent to automate risk assessment for complex business policies, reducing underwriting time.
  2. An MGA could leverage the ISO-based rating feature to ensure consistent and compliant pricing across various commercial products.
  3. An insurer could implement Xponent to streamline their entire policy lifecycle, from initial quote to renewal, improving operational efficiency.

Functionality Overview

Xponent functions as a comprehensive underwriting platform for commercial lines insurance. It begins by ingesting submission data, then applies AI and MI algorithms to assess risks contextually. The system can automate underwriting decisions for standard risks while flagging complex cases for human review. Its integration with InsureMO extends its capabilities to include quote generation, policy issuance, and lifecycle management. Throughout the process, Xponent maintains compliance with regulatory requirements and carrier-specific guidelines, ensuring consistent and accurate underwriting across the organization.

Screenshot

Demo Video