Tokio Marine Highland built an underwriting engine in the cloud to codify its private flood underwriting expertise and calculate flood risk and premium for U.S. addresses, exposed via API. Developed in six months, the tool has reduced processing time from 24 hours to only minutes and has generated US$1 million in revenue as a pay-for-use service.

 

EMC Insurance Companies: Cloud Architecture and Migration


Aite-Novarica Group: Insurance Case Study Compendium, 2022 by Harry Huberty, Martina Conlon, and Robert McIsaac with permission. All rights reserved.

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