Underwriting

A core element of Salmon’s insurance services is SAFI™ - the Salmon Application Framework for Insurance - which is a series of reusable and customisable components that allows the insurance sector to quickly gain competitive advantages via a refined and open IT architecture. 

SAFI™ is a fully flexible insurance framework, designed from the outset to meet underwriting needs.  Moreover, SAFI™ allows underwriters to fully leverage the internet to streamline business processes, cut fixed costs and increase business agility.

The technology behind our underwriting process is vital to our underwriting proposition, as it provides the foundation from which we effectively deliver our services. The move to a web-based system will enable us to overcome old paper-based inefficiencies and help us provide a higher level of service to our brokers. The knock on effect is that our brokers will be more competitive in their environment.

–Stephen Fookes, Head of IT, Novae

Insurers that leverage SAFI™ are able to integrate their business process - end-to-end across their company – with key partners, suppliers and customers.  Moreover, they can respond with greater speed and flexibility to best meet external threats, changing market opportunities and complex customer demands.  Customers that deploy SAFI™ have a platform on which to grow organically and cost effectively with resilience.   

SAFI™ benefits at a glance

  • Open, web based (J2EE and XML) architecture
  • Multi role access: underwriter, broker, loss adjuster, Claims Handler, MGA and Direct (incl. self service)
  • Greater visibility of insured, policies & claims throughout life cycle – encompassing underwriting, claims, accounting, reinsurance
  • Supports B2B and B2C Commercial models, incl. wholesale, retail & direct markets
  • Support for Direct & Subscription business
  • Accurate and automated premium calculations & system validation using Salmon's Integrated Expression Analyser™ 
  • Flexible rule based product definition and generation and automated premium calculation
  • Automated policy and wordings creation, distribution and storage using Salmon's Integrated document generation engine™
  • Greater accuracy in policy creation
  • Comprehensive out-of-the-box electronic document management and electronic document repository
  • Dramatically reduced fixed costs compared to traditional policy & claim administration
  • Better management information – sophisticated management reports & Business intelligence  capability
  • Reduced duplication of policies & claims across multiple back office systems

If you need more information Contact Us now, or make a Services Request.

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