Home Assurance
Discover how StartUp Lab helped families and homeowners secure their most valuable assets and find peace of mind with our innovative Home Assurance solutions. These success stories highlight how proactive protection and reliable support are safeguarding homes and fostering confident living.
Client Industry
Insurance
Services
Django Development
Client Size
200 - 500 people
Location
USA
Join the 200+ companies trusting Startup Labs
Problem → Solution → Outcome
Client was using MS Excel macros for underwriting processes. Which also meant that the customer themselves cannot fill any form. They can only fill paper forms and then one of the client’s staff will fill in the same in an excel macro for the underwriting. In addition, underwriters have to manually check and collect data from several third party websites and platforms on various parameters to assess the risk of lending in any given customer’s case. This manual process is lengthy, hectic and prone to mistakes.
An underwriting engine and a software where the customer can themselves fill in the various required information for underwriting steps and the risk is calculated automatically and the underwriting result is shown to them immediately. The software integrates with multiple third party data providers and collects the risk factor on various parameters and then draws a combined risk assessment and presents it to the customer as well the insurance underwriter.
The customers used the tool to apply and see their feasibility and risk assessment results from the comfort of their homes. The automated underwriting process enabled the client to focus more on their business growth instead of mundane paperwork.
Ready to Transform Your Business With Us?
Contact StartUp Lab now to schedule a free consultation or demo.