Betterview and Synpulse Management Consultants Announce Partnership to Accelerate P&C Underwriting Cycle

Betterview today announced a partnership with Synpulse, an international management consulting firm that focuses on accelerating underwriting processes for P&C insurers.

Since 1996, Synpulse has been working with insurance carriers along the entire value chain, from the development of strategies and their operational realization, all the way to the technical implementation and handover.

“After spending time with the Betterview team and reviewing their predictive analytics for commercial and residential buildings and roofs, we saw first hand how their solution could generate value throughout the entire underwriting chain,” said Marc Kirchhofer, Manager, Synpulse. “In a recent survey of global risk engineering executives that we conducted, expedited risk assessment through a third-party data integration ranked second in importance. One of the more challenging data pre-fill elements has always been roof information, which until now required boots on the ground inspections, reviewing aerial imagery manually, or asking customers about their roofs. Synpulse can now pre-fill Betterview’s predictive roof score and characteristics into in-house or third-party systems like Loss Control 360 or Guidewire to help insurers accelerate their underwriting decisions and enhance straight-through processing of submissions,” said Kirchhofer.

With over 50 years of experience in P&C insurance, Betterview understands that every carrier faces IT burdens to getting their software solutions off the ground. Betterview may be implemented as a stand-alone solution or integrated into underwriting process via:

• API: Betterview’s REST API can receive and return results for a truly automated workflow by integrating into in-house or third-party systems.
• Guidewire Integration: With direct Guidewire integration, mutual clients can leverage Betterview’s capabilities through the Guidewire Marketplace.
• Batch Processing: Betterview can accept CSV files for large renewal books and recently bound new business. This requires no integration and allows carriers to take immediate actions by filtering policies by risk score.
• Web-based Interface: Betterview can set up access for underwriting teams, allowing them to investigate properties that need further review.

For more information about this partnership, please refer to our press release or contact Paul Ptashnick at paul@betterview.com