Federato provides a single, future-proof system for everything your underwriters need
With Federato, underwriters never need to cycle through dozens of disconnected data sources, or hunt down static internal guidelines that may or may not be up-to-date. The platform uses a federated data graph to proactively pull in any data that underwriters may need, from third-party insurance data to the latest actuarial strategies. Underwriters using Federato are able to write business with 87% fewer systems used, and 70% less time spent looking for guidance.
With RiskOps, we now have the data to fully underwrite any account. We don't need to spend time chasing down the financials or hunting for information. All the data points are connected, and everything is concise, organized, and readily available. I wish we'd had a unified platform like Federato when I was a surety underwriter."
Your organization's rules and guidelines are configured into the Federato platform, and are integrated into every stage of the underwriting process. From initial submission triage to referral requirements to real-time appetite changes, strategic guidance is surfaced wherever relevant for the underwriter's tasks.
When that guidance changes, rules can be easily updated in the platform by a business user with no need for an additional IT project, for up to 40% reduction in IT application and services spend.
The Federato platform was designed by underwriters, for underwriters, based on thousands of hours of user interviews and input from experienced underwriters on our team. The intuitive interface is easy for users to pick up and use, and brings together their entire workflow.
Everything from submission to bind, including underwriting documentation and the referral process, exists within the same system that underwriters use to evaluate the risk, streamlining the process and reducing the chance of errors. 90% of users see Federato's RiskOps platform as core to their workflow.
Prior to Federato, we had nine different systems throughout a submission process, and we've consolidated that down to one."
