A large company such as Samsung may require insurance coverage for a semiconductor operation involving factories, subsidiaries, suppliers, cyber exposure, property risks, business interruption risks, and previous claims.
Connect information beyond the underwriting system
In current workflows, platforms such as Guidewire provide underwriting systems designed to help insurers manage high submission volumes and fragmented information across different systems.
Consilience can take this further by connecting not only information about Samsung itself, but also information about its suppliers, subsidiaries, business partners, locations, previous claims, external risks, and changes over time.
Questions an underwriter could ask
An underwriter could ask:
- “What changed since last year's underwriting review?”
- “Has supplier dependency increased?”
- “Does Factory B now represent a larger share of production?”
- “Have any new claims occurred?”
- “Has the policy wording changed?”
- “Do any new regulations apply?”
Consilience could answer these questions with the relevant evidence attached.
Evaluate the wider business environment
Instead of evaluating Samsung only as an isolated company, Consilience could also analyze its current partners, suppliers, subsidiaries, and external dependencies.
This can help the insurer better understand the wider business environment surrounding the company and create a policy that more accurately reflects its actual risk.
Try this workflow with your documents
Learn the steps behind this workflow, then try them with your own sources.
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