Atrium Underwriters Limited has started a trial of Novee’s generative artificial intelligence underwriting tool, which automates the pre-underwriting of political violence and terrorism submissions. It helps underwriters flag out of appetite submissions and to identify good and bad risk indicators.
Stuart Harmer, head of political violence and terrorism at Atrium, said: "In PV&T underwriting, large submission volumes and information density demand speed and precision. Novee’s triage and pre-assessment platform acts as a second ‘pair of eyes’ for our underwriters and helps us make rapid, informed underwriting decisions, filter material information quickly, and allows us to deliver stronger service levels to our brokers and clients. We look forward to further collaboration with Novee and expansion of the platform’s capabilities to drive even greater value to our underwriters."
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