Underwriters Technologies

On Profiles in Risk - Ep. 531, I chat with Jay Menna, CEO and Founder at Underwriters Technologies. They are an online rate and issue platform for specialty programs that runs over 100 specialty programs over the last 20 years. There are 477 steps in the life of an insurance policy. Their software can configure all 477 steps. Very interesting conversation about the specialty side! LINK TO THE SHOW IN THE FIRST COMMENT! #Insurance #Insurtech

Happy Easter from Underwriters Technologies. Here's to finding what you're looking for!

Working with offshore coders can either be fraught with challenges or be immensely rewarding. We would like to share some insights gained from our 20 years of experience in collaborating with outsourced coders. https://lnkd.in/gRvYCk5R

Underwriters Technologies is seeking a skilled Contract Developer for project-based work. Our firm specializes in advanced software solutions for the insurance sector, focusing on streamlining underwriting processes and enhancing risk assessment through technological innovation. The ideal candidate will have a strong technical foundation and a commitment to high-quality software development, working alongside our team to improve our product offerings. Core Requirements: 1. Expertise in Xojo API2 for Web: Demonstrated experience in application development using Xojo API2. 2. PDF Generation Skills: Proficiency with PDF generation, particularly Monkeybread/ PDFlib. 3. ORM Tools Knowledge: Experience with Object-Relational Mapping tools, ARGEN preferred. 4. Web Technologies Proficiency: Solid understanding of web technologies. 5. GIT Knowledge: Competency in using GIT for version control. Desirable Skills: - Interest in Artificial Intelligence (AI) and Learning Management Systems (LMS) is advantageous. Role Expectations: - Code Quality: Adherence to established UT coding standards. - Availability: Required attendance at daily briefings every weekday at 9:04 AM. - Work Ethic: Given our fast-paced environment and client-driven deadlines, we expect dedication and a commitment to deliver under pressure. - Fun: We have a little patience for people who don't enjoy their work. Contract Details: - Duration: 120 days. With potential for long-term expansion - Location: Worldwide. (if you were in Austin, Texas we have space for you here in the office) Application Process: Candidates should submit a resume and cover letter detailing relevant experience. Include links to GitHub repositories or portfolios. Candidates meeting our criteria will be contacted for an interview. Contract Offer: - Opportunity to work on innovative projects. - Support and flexibility within the role. - Chance to enhance your technical skill set. Application Deadline: OPEN How to Apply: Submit applications to [email protected] For questions regarding the position, contact Edward Lloyd at [email protected]

The first of ten essential insights to share with IT professionals about developing systems for insurance 1. Incorporate Advanced Rate Dating for New and Renewal Business: It's crucial to implement a sophisticated rate dating mechanism within your policy management system that accommodates both new business and renewals. Underwriters often apply different rating increases for new policies compared to renewals, reflecting strategic decisions or regulatory requirements. Therefore, your system must differentiate between these two scenarios, ensuring that it applies the correct rate set based on the policy's original effective date, whether it's a new issuance or a renewal. Additionally, for endorsements processed months down the line, the system should automatically reference the appropriate rate table that was in effect either at the policy's inception or renewal. This capability ensures that all transactions, regardless of their timing, are calculated using the accurate rates, maintaining accuracy in pricing across the policy lifecycle. (full list here: https://lnkd.in/eVGs5WN5)

The first of ten essential insights to share with IT professionals about developing systems for insurance 1. Incorporate Advanced Rate Dating for New and Renewal Business: It's crucial to implement a sophisticated rate dating mechanism within your policy management system that accommodates both new business and renewals. Underwriters often apply different rating increases for new policies compared to renewals, reflecting strategic decisions or regulatory requirements. Therefore, your system must differentiate between these two scenarios, ensuring that it applies the correct rate set based on the policy's original effective date, whether it's a new issuance or a renewal. Additionally, for endorsements processed months down the line, the system should automatically reference the appropriate rate table that was in effect either at the policy's inception or renewal. This capability ensures that all transactions, regardless of their timing, are calculated using the accurate rates, maintaining accuracy in pricing across the policy lifecycle. (full list here: https://lnkd.in/eVGs5WN5)

Issuing a policy might seem daunting with its myriad tasks - in reality, it involves precisely 477 steps. At Underwriters Technologies, we specialize in seamlessly orchestrating complex P&C programs within a span of 120 days. Our expertise isn't limited to Monoline GL; we handle intricate package policies encompassing property schedules, liability, E&O, EPLI, Hired and Non-Owned Auto, Cyber, and TRIA with precision, thanks to our deep understanding of the necessary steps. For instance, we're keenly aware that the Bind process (step 110) almost invariably precedes the "Email Binder to Broker" action (step 111). To streamline this, we pre-arrange the email, complete with the broker's contact information and the attached binder. Moreover, these steps are efficiently integrated into the agency statement (step 114) and the premium bordereau (step 115), ensuring a smooth workflow. Ultimately, the essence of exceptional software lies in its embodiment of efficient business processes. Underwriters Technologies doesn't just comprehend the 477 steps involved; we excel in aligning them with the core of your business. Your initial move? Engage with Underwriters Technologies. https://www.undtec.com