AI insurtech Betterview partners with Synpulse to improve P&C underwriting cycle
California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has partnered with Zurich-based Synpulse to improve the property and casualty (P&C) underwriting process for insurers.
Synpulse works with insurance carriers along the entire value chain on vendor selection, target model definition, digital transformation, and various integration initiatives.
“In order to accelerate the underwriting cycle, it’s vital to have as much relevant information as possible in the early stages of underwriting,” said Dave Tobias, COO and co-founder of Betterview. “The combination of Betterview’s predictive analytics, along with Synpulse’s expertise in embedding data into in-house and third-party underwriting systems, will allow insurance underwriting teams to improve decision making by quickly approving, denying, or identifying policies that need a closer look.”
Marc Kirchhofer, manager at Synpulse, said: “After spending time with the Betterview team and reviewing their predictive analytics for commercial and residential buildings and roofs, we saw first hand how their solution could generate value throughout the entire underwriting chain.”
“In a recent survey of global risk engineering executives that we conducted, expedited risk assessment through a third-party data integration ranked second in importance. One of the more challenging data pre-fill elements has always been roof information, which until now required boots on the ground inspections, reviewing aerial imagery manually, or asking customers about their roofs.
"Synpulse can now pre-fill Betterview’s predictive roof score and characteristics into in-house or third-party systems like Loss Control 360 or Guidewire to help insurers accelerate their underwriting decisions and enhance straight-through processing of submissions,” he added.
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