Executive Summary 

In the dynamic landscape of insurance, effective risk management and precise underwriting are crucial for Insurers, Managing General Agents (MGAs), and Brokers aiming to maintain profitability and competitiveness. C2MS, our advanced cloud-based core insurance platform, is meticulously designed to enhance these critical functions by integrating cutting-edge technology, automation, and support for comprehensive data analytics solutions.

By adopting C2MS, insurance professionals can streamline their risk assessment processes, implement robust underwriting practices, and respond swiftly to market changes. This holistic approach not only mitigates potential risks but also fosters informed decision-making, positioning your organisation at the forefront of the industry.

Here are ten compelling reasons why C2MS is the optimal choice for improving risk management and underwriting processes:

Top 10 Areas of Opportunity:

1. Advanced Real-Time Pricing Engine

2. User-Friendly No-Code/Low-Code Rating Management

3. Intuitive Pricing Model with Familiar Tools

4. Robust Aggregator and Third-Party Support

5. Comprehensive Reporting Platform Support

6. Integration with Excel Validation Tools

7. Continuous Automated Premium Testing

8. Support for Complex Insurance Products

9. Version-Controlled Rating Adjustments

10. Transparent Calculations with Comprehensive Logging

1. Advanced Real-Time Pricing Engine

C2MS features an industry-leading real-time pricing engine capable of handling thousands of simple and complex risk items per policy. It seamlessly integrates with third-party risk assessment and data enrichment tools via a modern API, ensuring accurate and dynamic pricing models.

2. User-Friendly No-Code/Low-Code Rating Management

Designed for accessibility, C2MS offers no-code/low-code interfaces that enable non-technical users to implement and adjust rating changes efficiently. This empowers underwriters to swiftly adapt to evolving risk factors without relying on IT support.

3. Intuitive Price Modelling with Familiar Tools

C2MS supports price modelling managed by equations and mathematical formulas that mirror Excel functions and functionality. This approach provides easy-to-understand pricing and modelling for less technical users and underwriters not familiar with managing software systems and configurations.

4. Robust Aggregator and Third-Party Support

Through modern APIs, C2MS offers robust aggregator and third-party support, including existing integrations with US carriers, software providers, and the UK's leading insurance aggregators. This connectivity enhances data accuracy and broadens market reach.

5. Comprehensive Reporting Platform Support

C2MS supports all major reporting platforms, facilitating seamless data extraction and reporting services. This capability ensures that underwriters have access to timely and relevant information for informed decision-making.

6. Integration with Excel Validation Tools

To maintain data integrity, C2MS integrates with third-party Excel validation tools, enabling underwriters to verify and validate data efficiently. This integration streamlines workflows and enhances the accuracy of risk assessments.

7. Continuous Automated Premium Testing

C2MS supports continuous automated premium testing, allowing for ongoing assessment and adjustment of premium calculations. This feature ensures that pricing remains competitive and reflective of current risk landscapes.

8. Support for Complex Insurance Products

C2MS is designed to support any level of insurance product complexity, accommodating a wide range of policy structures and coverage options. This flexibility enables insurers to offer tailored solutions that meet diverse customer needs.

9. Version-Controlled Rating Adjustments

With version-controlled rating changes, C2MS allows for meticulous tracking and management of all rating modifications. This feature enhances transparency and ensures compliance with regulatory standards.

10. Transparent Calculations with Comprehensive

Logging C2MS provides explainable calculations accompanied by full logging capabilities, facilitating thorough auditing, compliance verification, and validation processes. This transparency builds trust and supports robust risk management practices.

Conclusion 

By integrating C2MS into your operations, your organisation can elevate its risk management and underwriting processes, leading to more accurate assessments, streamlined workflows, and a stronger competitive position in the insurance market.