Allstate Implements New Underwriting Platform
Allstate has agreed to implement Myriad Development’s UnderwritingCenter platform as it looks to automate data integration and improve risk evaluation, the companies announced today.
With UnderwritingCenter, Allstate will automate the underwriting decision process while integrating third-party data and virtual surveys, resulting in more precise risk decision making, the companies said. The technology also provides the insurer with more flexibility of underwriting rules and ensures all data client is captured throughout the process.
"The integration of the Myriad UnderwritingCenter is key in supporting Allstate's focus of using best of breed technology and data to ensure efficiency while making accurate decisions," said Allstate Product Operations Manager Steve Meents, in a statement.