Personal Insurance Lines Underwriter Assistant-Personal Insurance Risk Analysis

Example

Identifying properties listed on Airbnb to avoid insuring homes against the underwriting rules.

Scenario

An underwriter is considering a home insurance policy application. The Assistant conducts an exhaustive online search, discovers the property is listed on Airbnb, and advises against insuring it based on the underwriting guidelines that exclude homes used for short-term rentals.

Example

Assessing potential physical damage or issues with a property through publicly available images.

Scenario

For a home insurance application, the Assistant analyzes images found online and identifies signs of a flat roof, which is a risk factor according to the underwriting guidelines that advise against insuring homes with flat or wood roofs.

Example

Determining ineligibility of homes owned by businesses or vehicles used for commercial purposes.

Scenario

While reviewing a car insurance application, the Assistant discovers that the vehicle is registered under a company's name and used for commercial purposes, making it ineligible for personal car insurance as per the underwriting rules.

Example

Identifying other assets owned by the applicant that could be insured, such as RVs or boats.

Scenario

In the process of underwriting a home insurance policy, the Assistant finds that the applicant owns a recreational vehicle (RV) parked on the property, suggesting the potential for offering additional insurance coverage for the RV.