Underwriting me offers a distribution platform to intermediaries and insurers in the United Kingdom as well underwriting automation products to insurers around the world. The firm's main products include a Protection Platform and a Decision Platform. The Protection Platform provides insurance agents, financial advisers, mortgage brokers, and price comparison websites with a seamless buying experience for Protection (life insurance) products. The Decision Platform allows insurers to optimize their underwriting process and drive high levels of automation through intuitive rules-based design (Underwriting Engine), third-party data integration (Decision Studio), and natural language processing for unstructured health data (Text Mining). It is based in London, England.
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ESPs containing UnderwriteMe
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The decision management software market is a rapidly growing market that provides solutions for automating and optimizing decision-making processes. This software uses advanced analytics, artificial intelligence, and machine learning algorithms to analyze data and provide insights that enable businesses to make informed decisions. The market offers various solutions such as business rules manageme…
UnderwriteMe's Products & Differentiators
A fast, simple and immensely powerful engine, putting your underwriters in control.
Research containing UnderwriteMe
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CB Insights Intelligence Analysts have mentioned UnderwriteMe in 1 CB Insights research brief, most recently on Aug 9, 2023.
Expert Collections containing UnderwriteMe
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
UnderwriteMe is included in 2 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Excludes US-based companies
Latest UnderwriteMe News
Feb 9, 2024
Illustration by Dan Murrell January was a key month in the advice tech world, with two very significant conferences taking place: Empowering Advice Through Technology (EATT) here in the UK and Technology Tools for Today (T3) in the US. The former, now in its fifth year, was heavily focused on the adoption of artificial intelligence (AI) in advice and included several firms showing new AI propositions for the first time. A key part of EATT is the “battle of the tech” sessions, where 16 different software vendors present their propositions in eight minutes or less, with four achieving “best in show”. This year’s event had a diverse group of winners but, unsurprisingly, two were AI firms. Advisory.ai showed its system designed to create suitability reports and annual reviews in a fraction of the time usually taken. Its claim is that a single paraplanner can do the work of 10 using its technology. Meanwhile, Plannerpal is an AI assistant being built by a group of chartered financial planners to produce summaries of meetings in minutes. Because of the background of the founders, particular care has been taken to identify industry language as part of the transcription process. Co-founder Mark Whitcroft describes the system as being designed to supercharge an adviser’s CRM. It also includes an MS Teams bot that can transcribe any calls together with semantic search, which allows advisers to search instantly across all prior recordings for any particular information needed. The system can also extract all relevant data from calls or meeting notes and populate them to the adviser’s fact find. The third best-in-show winner was something of a surprise at what is primarily a wealth-based technology conference. The award went to UnderwriteMe for its real-time protection underwriting capability. The system enables advisers to conduct a complete new business process for around 95% of cases in minutes, rather than have to wait weeks or even months for underwriting to take place. It was demoed side-by-side with a session from Protection Guru Pro, which has recently completed what UnderwriteMe describes as the most comprehensive integration between its quotes and new business service, and a protection research tool. Given the protection industry is so keen to persuade wealth advisers to engage with it, it’s regrettable that three main insurers – Aviva, Legal and General and Zurich – are not currently on the service. The final winner was a tech provider that has been out of the mainstream advice market for several years, Focus Solutions. While the company has a number of enterprise clients, such as HSBC, Santander and NFU Mutual, it has been focused on deals that have brought assets to its parent company Abrdn for the last few years. Focus won with a demonstration of its new advice automation platform. The demo included a warning to paraplanners that this service might limit their future employment prospects. While the UK show was very AI focused, at the 20th anniversary of the T3 Conference in Las Vegas, the centre of attention was more on end-to-end technology and cyber security. My favourite session, for the second year running, came from Brian Edelman of FCI Cyber, who reinforced the need for constant vigilance in this area. While the message to American advisers was that they need to do more, it’s clear our cousins across the pond are more advanced in this area, primarily because of regulations introduced in the last year or so by the Securities and Exchange Commission. I will be sharing a lot more on how advisers can improve their cyber security in the coming months. For 2025, I plan to organise a UK delegation to the T3 event in America. If you are interested in joining the group please message me via LinkedIn . Ian McKenna is founder of FTRC
UnderwriteMe Frequently Asked Questions (FAQ)
Where is UnderwriteMe's headquarters?
UnderwriteMe's headquarters is located at Tower Bridge House, London.
Who are UnderwriteMe's competitors?
Competitors of UnderwriteMe include Tigerlab and 7 more.
What products does UnderwriteMe offer?
UnderwriteMe's products include Underwriting Engine and 2 more.
Compare UnderwriteMe to Competitors
Tigerlab is a software provider that specializes in the insurance industry. The company offers a comprehensive insurance software solution that includes policy management, rating engine, business partner management, product configurator, analytics and reporting, customer relationship management, business rule management, telematics, and commercial underwriting. Tigerlab primarily serves the insurance industry. It was founded in 2008 and is based in Selangor, Malaysia.
Cloud Insurance is a software-as-a-service (SaaS) company that focuses on providing solutions for the insurance industry. The company offers a comprehensive platform that automates various aspects of insurance operations, including policy administration, claims management, distribution, financials, and reporting. The platform is designed to cater to insurance providers of various types and sizes, offering flexibility and user-friendliness. It is based in Oslo, Norway.
KASKO designs, distributes, and runs digital insurance products for any distribution channel. It offers an application programming interface (API)-powered agile insurance product and distribution platform that operates between digital customer touchpoints and legacy information technology (IT) systems. The platform lets insurance providers, brokers, and cover holders develop insurance products. It was founded in 2015 and is based in London, United Kingdom.
Covr Financial Technologies focuses on simplifying insurance through digital platforms. The company offers artificial intelligence (AI)- guided insurance platforms for consumers and financial advisors, providing services such as digital life, long-term care, disability, and specialty insurance sales. The platforms allow users to compare and choose from competitive rates from multiple carriers. It was founded in 2016 and is based in Boise, Idaho.
Instanda offers a no-code product design platform. It provides a management tool that empowers insurers, brokers, and managing general agents (MGAs) to build and launch insurance products and then distribute and self-manage them online. Instanda was founded in 2012 and is based in London, United Kingdom.
Earnix provides predictive analytics solutions for the financial services industry. It focuses on unlocking new strategies, processes, and an evolving ecosystem of technologies to help insurers and banks operate. It helps in business operations, pricing and rating, customer engagement, product personalization, and more. It serves the telematics, health, and insurance industries. The company was founded in 2001 and is based in Ramat Gan, Israel.