Automated Underwriting Control in a Regional Insurance Company

DOI

10.2991/iscfec-18.2019.66How to use a DOI?

Keywords

Automated Control, Underwriting, Non-life Insurance, Regional Insurance Company.

Abstract

The paper deals with an approach to the organization of automated underwriting control in a Russian regional insurance company, which ensures the reduction of the human factor impact on the accuracy of the underwriting decision. The loop and the algorithm of automated underwriting control based on combined decision-making by the underwriting management information system (UMIS) and by a human underwriter are described. In the course of the UMIS building, the methodology of object-structural modeling of management accounting information systems was used. The adoption of the proposed approach in an in-surance company of Samara Region (Russia) ensured a reduction in loss ratio for some types of non-life insurance by 28% with insignificant expenses for the development and implementation of the UMIS.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - S. Mkrtychev
AU  - O. Enik
PY  - 2019/01
DA  - 2019/01
TI  - Automated Underwriting Control in a Regional Insurance Company
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 291
EP  - 293
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.66
DO  - 10.2991/iscfec-18.2019.66
ID  - Mkrtychev2019/01
ER  -