Case Study: a leading global specialist insurer achieves near-instant quote response times with Moody’s Analytics Location Intelligence API

Taking Response Times to a New Level

a leading global specialist insurer faced the challenge of maintaining rapid quote response times for its US property portfolio. Its on-premises infrastructure could not consistently deliver the necessary loss cost data quickly enough, and delays of even a few seconds drastically reduced its quote-to-bind success rate. The company needed a fast, cloud-based solution to integrate into its underwriting process.

Moody's Analytics provided its Location Intelligence API, a cloud-based service that delivers real-time hazard and risk data. This solution allowed for quotes to be generated in under three seconds consistently. As a result, the insurer significantly improved its quote-to-bind ratio, decreased operational costs by moving to a SaaS model, and extended these quoting capabilities to its wider agent network.