Designed by Underwriters for Underwriters … Federato is an underwriting platform for insurance carriers that provides real-time insights to encourage empowerment, good risk taking, and strong decision-making at all levels of the organization. We’re leading the future with Risk Ops to drive more precision into your processes in an increasingly complex risk environment. Our design philosophy begins with the belief that businesses don’t have problems, people do and we’ve spent over 1250 hours asking the underwriters you work so hard to retain what they need to do their job better.
Risk Ops brings AI to insurance in a way that transcends basic automation and instead uses the first principles of machine learning to empower underserved underwriting teams. We do not aim to replace nor compete with policy management systems or legacy workflows. Our solutions instead bring high quality, dynamic risk information to the last mile in underwriting and core operations through a workflow that was, truly, designed by underwriters themselves.
More Content From Federato
The rise of AI — Artificial Intelligence — and underlying progress in machine learning is arguably the greatest technical achievement of this generation. It boggles the human mind that a computer can distinguish between an image of a cat/dog or perform basic question and answer in the place of a human. This whitepaper by Federato examines Insurance's AI problem.
I’ll never forget the look on a Chief Underwriting Officer’s face when a design colleague interrupted him mid-sentence. Our meeting had started off plain enough – a few hellos, obligatory introductions, that well-timed ‘ask’ around priorities for the coming year. But as the CUO launched into a list of perceived operational issues, this simple interjection shifted the tone of our discussion entirely. This article by Federato looks delves into the idea that “businesses don’t have problems. People do!”
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