How Federato Solves Underwriters’ Problems—and Lowers Reinsurance Costs

November 28, 2022 by Susanne Sclafane

Lower reinsurance costs aren’t the most talked-about benefit of introducing AI and automation tools to the desks of property/casualty insurance underwriters, but with chatter about harder reinsurance markets heating up, it might be one to consider more seriously.

Will Ross, chief executive officer and co-founder of Federato, didn’t present his thoughts on reinsurance in exactly that way. But toward the end of an interview centered on multi-eyed underwriters trying to search through third-party data, internal underwriting rules and goals, catastrophe model and aggregation results—and more—Ross highlighted that benefit when asked how carriers gauge the benefits of investing in Federato’s RiskOps, an AI-based platform that provides underwriters with a unified view of all the disparate information they need to select and price risks.