What changes when the work is done for you.

Before

A claim can arrive as hundreds of scanned pages, sometimes in more than one language. Reading it and checking every cost against the cover takes a reviewer 30 to 90 minutes.

With Actura

Actura reads the pages as sent, sorts and totals the invoices, and checks each cost against the cover. Costs outside the cover are flagged with the reason, and the claims officer settles.

Before

Half a day of reading a technical documents just to understand the hazards, while the adverse event risk stays an open question. It would take underwriters much time and effort to perform this activity correctly. In order to meet competitive time lines, underwriters hurry things up, which can lead to costly errors.

With Actura

Actura works through the protocol against a customisable set of probing questions, with each answer traced to the page it came from. Terms go out the same day.

Before

The same shipment details typed again for every certificate. The paperwork already holds them, yet they are entered by hand. In a day, there are several cases where humans edit and update submissions because they copy-pasted old data, or made mistakes in entering important reference IDs within the text of certain fields.

With Actura

Actura reads data directly from either the ERP or from documents such as Bills of Lading (BoL) and the invoices, produces the certificate, and confirms cover before it is issued. Humans don't need to fill up any forms in order to generate Bill of Lading or Certificate of Insurance.

Before

Statements land from dozens of partners, each in a format of its own. Days go into preparing them before anything is booked.

With Actura

Actura reads each statement as sent, matches every line against the debtor list, and sends only the unresolved lines to a person.

Before

A day spent gathering the facts on a company before the risk can be scored. Cross checking against an accurate score is the slow part.

With Actura

Actura reads the filings, structures the disclosures, and applies the rating rules, flagging anything for referral before the placement opens.

Before

A different questionnaire from every broker, with controls taken on trust. A clear picture of the cyber risk was hard to reach.

With Actura

Actura reads the questionnaire in any format and grades each control. Outside data adds context, so an underwriter opens on the gaps.

Before

No two submissions in the same shape. Each one worked into a standard risk profile by hand.

With Actura

Actura reads a submission in any form, structures the insured, the schedule and the named entities into one record, and exports it for rating.

Before

A single clause deep in the file changes the risk. Miss it and the pricing is wrong before the placement opens.

With Actura

Actura reads the classification records, the surveys and the ownership, and surfaces survey findings, valuation and ownership structure so a clause does not slip past.