Robot underwriting
Robotising at RealXS, how does it work?
Via a link, the relevant enquiry page is opened and the customer can provide the information relevant to them. The composition of the questionnaires - at the time of registration of the insurance product - are compiled and recorded by the underwriters.
Example:
You want to know whether volatile substances are handled:
The client's statement shows that it is a fish shop (SBI 4723)
So then it makes no sense to ask a question about volatile substances.
Conclusion | Follow-up | |
|---|---|---|
Then it turns out that people there is large-scale frying | Submit to acceptor | |
Or alcohol will also be served | Submit to acceptor | |
Or one does not have security on the cold stores | Submit to acceptor | |
Men sell only fish there | Robot acceptance |
And so, of course, dozens more questions could be asked that more accurately lead to robot acceptance or not.
Robot-accept:
1) Based on the answers, Robot Acceptance may or may not lead to acceptance without consulting an acceptor.
2) Applications that do not fall within the acceptance model are submitted to the acceptors.
3) Applications that are rejected are submitted separately to the acceptors so that they can determine whether rejection was justified. Underwriters can also suggest tightening the robot acceptance.
Create quotation
As soon as acceptance has taken place, a quotation can be prepared.
More information on automatic quotation generation can be found at PAGINA
Questionnaire
Your client and/or its adviser will then also receive a copy of the questionnaire. This ensures that there can be no misunderstanding regarding the information provided by or on behalf of the customer.
This signature is located in a digital vault in the Back Office.
Insurance Product Information Document IPID
In the Netherlands also called De Verzekeringskaart.
The IPID will be sent at the same time as the quotation.
Policy
Directly after the client orders the conclusion of the insurance contract, the policy is drawn up.
This is 100% identical to the Quotation. So incl. all clauses, specific provisions and specifications of the insured interests.