Pricing Platform is an insurance technology startup dedicated to bringing advanced analytics and technology to Specialty Underwriters.

Commercial Property underwriting, whether in admitted market or in E&S/D&F space, remains a complex art due to its data limitations, non-homogenous risks, varying account sizes, shared and layered nature of business, convoluted terms and conditions  and above all, constantly changing market forces. All insurance companies and syndicates use cat models to analyze certain cat perils. However, rating non-modeled perils and using all the available information to make an underwriting decision is often ad-hoc and subjective. Some established players have in-house developed systems that provide a structure to this process. But for the large majority of underwriters, the process is encumbered with multiple spreadsheets, re-entry of data and a lot of manual work. Pricing Platform’s flagship application U1 provides a ready-made solution to this case, saving time, increasing efficiency and consistency. And since underwriting analyses and decisions are made in the app, portfolio rollups and aggregates management are automatic and seamless. You also get access to a huge bank of your own data in a structured and useful way. The app framework is such that it is customizable for each client’s own needs, underwriting guidelines, models and pricing formulae. We extend the same principles to reinsurance, and help reinsurers build custom pricing and portfolio management systems. To find out more, please email us at [email protected]. If you are in Commercial Property (Re)insurance or E&S/D&F Property Underwriting business, there is a good chance that we will be able to help you be more efficient and underwrite profitably.