- Business Process Transformation
Digital Transformation Study - International Underwriter
An international underwriter specializing in insurance and reinsurance in the property and casualty market.
This leading insurance client has grown rapidly since partnering with Sutherland which enabled them to quote more premiums within the same timeframe, while continuing with consistent qualitative in-depth analysis of each policy. This helped the client to increase their gross written premiums by 54% in just 3 years. Sutherland’s solution augmented the client’s team with catastrophe risk modeling talent. The full solution included:
Sutherland has developed a catastrophe risk modeling support service as part of the insurance analytics practice. Catastrophe modelers augmented the client’s teams, reporting directly into the client’s lead catastrophe modelers. Sutherland’s working hours overlapped with the client’s hours in North America and Europe, and allowed critical functions to be handled around the clock.
Since partnering with Sutherland, the client has seen a 54% increase in gross written premiums.
The impact of Sutherland’s solution has been far more wide reaching than just the impact on catastrophe modeling staff augmentation. Transformation of core business processes has made the business more dynamic and able to capitalize on market changes.
Core results to date include: