Rule Simulation
Rule Simulation
Accelerate target portfolio
Business rules across distribution, segment and portfolio strategy are hard to improve with inconsistent application across front line teams. In addition, detection of changes in risk and shifts in market dynamics tend to lag, resulting in delayed reaction and correction to de-risk the path to the target portfolio state. As risk workflows become visible and controllable, senior leadership can fine tune rules on a more dynamic basis to drive stronger business performance and outcomes across distribution, segment and portfolio strategy. Insurers can run simulations to evaluate the impact of updated rules on their risk flows, refine rules and optimize frontline actions to accelerate target portfolio.
Configurability
No code rules builder
No code rules builder enables rules to be created, tested and deployed directly from the configuration interface. This enables insurers to dynamically update rules as risk and market dynamics evolve achieving real time control over risk processing workflows.
Backtesting
Dynamic control
The marginal impact of updated rules can be backtested against historical risk flows enabling insurers to simulate “what if” scenarios to support and de-risk optimization to risk workflows to support new objectives.
Control
Approval workflows
Once rule optimizations are tested, evaluated and refined, they can be directly deployed into risk processing workflows, giving senior management control over the front line activity, shortening the distance between target state and actual performance and shortening time to target portfolio
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At Markel, we are committed to giving brokers and clients enhanced service levels and Cytora will enable us to create capacity to effectively grow our scale in our key sectors and enable our underwriters to provide further enhanced service to customers and brokers."
Managing Director
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