The Challenge
An Australian reinsurer wanted to expand into specialty lines (cyber, marine, aviation) but lacked underwriting expertise. Manual learning curves for new lines took 2-3 years, and the company was losing market share to specialized competitors.
The Solution
Deployed Specialty Underwriting Agent trained on global specialty lines data to provide decision support for cyber, marine, and aviation risks. The system offers instant risk assessments, pricing guidance, and alerts for emerging exposures.
Implementation
Built comprehensive knowledge base covering cyber (ransomware, data breach), marine (hull, cargo, P&I), and aviation (hull, liability, products). Trained on 50,000+ specialty risks globally.
Created decision support system providing real-time guidance on specialty risks. Integrated with external data sources for cyber threat intelligence, fleet tracking, and aviation incident databases.
Deployed feedback loop capturing underwriter decisions and outcomes to continuously improve recommendations across all specialty lines.
Results
Specialty lines premium grew from $45M to $135M in 24 months
Achieved 92% combined ratio in new specialty lines vs. 98% market average
Reduced time to launch new specialty line from 18 months to 3 months
New underwriters productive in 6 months vs. 2 years traditional learning curve
"We've democratized specialty lines expertise. Our generalist underwriters now compete with 20-year veterans in cyber and marine."