Sign InCombining Expertise in Insurance and Technology
We help solve the most difficult problems across the insurance value chain with our Q:INSURANCE suite of products. Solutions include automated underwriting, advanced modeling capabilities, data management, and an industry leading cyber risk management toolset based on data telematics.
Q:INSURANCE helps your company succeed with
Underwriting & Portfolio Analysis
Streamline your underwriting processes with automated underwriting rules, real-time data telematics, and powerful portfolio risk analytics. Our decision platform promotes human-machine teaming for optimal results.
Risk Modeling
Address unique problems, innovate, and build a competitive advantage with our modeling-as-a-service solution. Access a range of independent models on an enterprise grade platform within a data infrastructure that you configure but we maintain.
Cyber Risk Management & Modeling
Take a rigorous and forward-looking approach to pricing and cyber risk aggregation modeling. We offer self-assessment surveys, external scanning, and inside-out data telematics. Our solutions get away from the rear view mirror approach and focus on the future.
“Similar to banks, the insurance industry is rushing into the same technology mess of multiple data standards, multiple solutions, and a mistaken belief they should build their tech solutions. Our goal is to provide companies with an enterprise grade toolkit so they don’t try to reinvent the wheel.”
Alastair Speare-Cole
President & GM, Insurance
Insurance Product Offerings
QOMPLX's fusion of advanced technology and analytics into day-to-day insurance processes will give you a competitive edge through more informed decision making, improved risk selection, and reduced expenses. QOMPLX is committed to challenging current inadequate approaches to risk management by driving change in the use of analytics, automation, and telematics to improve your organization's resilience to risk, and shape ongoing responses.
UW Decision Platform
Define automated underwriting rules and models to streamline decision-making
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News
Insurance Day: Machine Learning Will Transform Specialty Lines Underwriting
Published Sep 29, 2020
Insurance Day: QOMPLX CEO Jason Crabtree on Synthetic Data remaking Risk Modeling
Published Sep 29, 2020
Partners
Q:INSURANCE Underwriting Decision Platform for Risk Selection and Automation
Q:INSURANCE integrated real time data-driven decision platform empowers underwriting expertise through automating workflows, a customizable rules engine, and advanced pre-bind analytics. The Underwriting-as-a-Service (UWaaS) capabilities automate repetitive tasks to reduce costs and simplify the underwriting process.
UW Decision Platform Provides:
Custom Configuration
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Efficient quote, bind, and issue features to support straight-through processing
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Built-in team collaboration and an underwriting referral system
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Highly configurable user platform with custom rule and model automation
Simple Integration
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Built for integration with back office and policy administration systems
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Easily integrated into broker / carrier platforms such as Acturis
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Sanctions and compliance check integration built in
UW Decision Platform provides automation and customization
End-to-End Policy Servicing
Rate, quote, bind, and issue policies quickly, with the ability to underwrite and price business with accuracy based on custom rates and rules. Interoperable with the Q:OS platform and Q:HELM.
Underwriting Rule & Model Automation
Implement custom underwriting rules to accept, deny, or refer new quote submissions. This includes a pass-through, review, and approval process based on specific criteria you define, allowing underwriters to focus on high priority unique risks and outliers.
Portfolio Management
Instantly view and assess a portfolio of risks by region, peril, client, business unit, broker, underwriter, or actuary. Use standard or bespoke actuarial measures to ultimately improve your bottom line.
The advanced analytics and decision automation evolution
It is necessary for insurance companies to find new ways to understand the relationship between exposure, and ultimately, the claims that can result from that exposure. Human-machine teaming and real-time advanced analytics provide the ultimate insight needed to assess that risk.
Q:HELM Modeling-as-a-Service Solution for Superior Risk Decisions
An enterprise grade modeling platform with a consistent and uniform user experience. Built
on a performant cloud native
architecture, the platform allows users to understand, model, manage, and transfer risk
without limitations and
unreasonable expense.
Q:HELM includes a marketplace for third party catastrophe models, Oasis LMF standard models,
and our own QOMPLX
specialty peril models.
Q:HELM provides:
Enterprise Grade Modeling Platform
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A consistent and uniform user experience with security in mind
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100% Compatible with Oasis LMF but enhanced for performance and scalability
Marketplace for Data and Models
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Access and licence models from: Oasis LMF, third parties, QOMPLX
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Availability of datasets and tools to promote model-building, tuning, and analysis
Elite Data Ecosystem
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Built upon the advanced capabilities of the QOMPLX:OS unified analytics platform
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Fast Data Ingestion, cleansing, and integration among other capabilities
Q:HELM Transforms the Underwriting Process
Enterprise Grade
Gain access to faster simulations and more predictable modeling results in order to analyze risk scenarios from multiple angles for optimal portfolio management. Leverage data-driven results to establish underwriting guidelines, manage risk selection, diversify portfolios, and optimize profitability. SaaS experience with additional API support for your other integration needs.
Marketplace
Q:HELM is contributing to industry collaboration and knowledge-share opportunities by bringing together users and model & data vendors together to one open marketplace. Model developers can bring their solutions to the market and model users can consume a diverse variety of models and data that more closely align with their underwriting needs.
Elite Data Ecosystem
Have confidence in results with high quality data processing that includes automatic cleansing, built-in sanity checks, and normalization of model datasets. You can also limit the time and effort it takes to access risk information needed for day-to-day underwriting activities with customizable analytics and scalable data storage.
Multiple Modeling Paradigms
The Q:HELM platform includes OasisLMF models, with an OasisLMF core engine re-engineered to enterprise quality. Additionally, the platform includes QOMPLX’s own cloud-native additions - a terrorism model and an agent-based model for casualty (QSIM).
Contact us to add your catastrophe model into the Q:HELM Model StoreHonesty about Effective Modeling Cyber Risk for Insurance Companies
Tremendous strides have been made in the early days of cyber risk assessment but the novelty and uniqueness of cyber modeling has left tremendous room for change and improvement. Learn more about the scientific approach that uses retrospective and generative modeling techniques to build a sustainable and data-driven basis for cyber and operational risk transfer.
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Cyber Risk Management Solutions that Reveal the Truth About Cyber Risk
QOMPLX uses a threat-asset analytical approach to understanding risk, leveraging data telematics to understand risk profiles. Advanced identification, detection, and response capabilities are built upon a NIST framework that includes cyber scoring and scanning features.
Improving the Approach to Cyber Insurance:
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National Institute of Standards and Technology (NIST) / Cyber Essentials / CMMC Scoring for insured cyber maturity attestation
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External Scanning for assessing and scoring insured cyber posture and vulnerabilities
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Q:CYBER Data Telematics that offers an inside-out view of risk throughout the insurance policy lifecycle in real-time
QOMPLX Cyber Insurance Offerings
WonderCover™
WonderCover is the flagship offering of the QOMPLX subsidiary MGA QOMPLX:UNDERWRITING in the U.K. WonderCover offers cyber and terror parametric cover that provides fast payout for a minimal premium.
Cyber Insurance
QOMPLX uses a threat-asset analytical approach to understanding risk, leveraging data telematics to understand risk profiles. Advanced identification, detection, and response capabilities are built upon a NIST framework that includes cyber scoring and scanning features.
WonderCover™ Expansion (Coming Soon)
WonderCover™ will soon be available in new regions and for new perils in Australia and the U.S. While adapted to the needs of the region and their specific exposures, the parametric insurance model for fast and reliable coverage will remain the same.
Learn more about WonderCover™
Providing SME potection for Cyber Data Breach, Cyber Service Outage, Terrorism Disruption
Learn MoreMind The Gap: The Underinsurance of Cyber Risk
Cyber risk exposure is quickly becoming the next peak peril and the insurance industry is struggling to understand the exposure and accurately price risk. In the first edition of the QOMPLX Cyber Risk Series, a new in-depth view of cyber risk management is discussed and argues that data telematics holds the key to closing the cyber insurance gap
READ NOW
News
Insurance Day: QOMPLX CEO Jason Crabtree on Synthetic Data remaking Risk Modeling
Published Sep 29, 2020
News Coverage: QOMPLX and Chaucer Team Up On Parametric Multi-Peril Insurance for SMEs
Published Dec 23, 2019
Pro MGA Solutions Supports QOMPLX MGA's Launch of Parametric Multi-Peril Insurance WonderCover
Published Dec 13, 2019