Leave the rigid manual processes behind for a new era of AI driven underwriting and data governance where insurance sophistication meets simplicity.
The map insurance® Advantage
We are committed to building a secure universal framework for data governance bringing quality and accuracy to insurers to make informed decisions.
Data Provenance
Our patented process dynamically feeds Core Data Records (CDR) to cutting-edge AI-driven insurance solutions for trade credit insurance.
Insurers and brokers can use this critical data to work throughout the customer’s policy lifecycle (e.g. during claims settlement).
Our protocol transforms CDR into dynamic metadata creating a usable and secure format for AI (Machine Learning & Deep Learning) algorithms.
Custom Solutions
AI assess customer behavior and preferences while writing tailored coverage for a client’s portfolio including multiple buyers or a single buyer.
Coverage flexibility unlocks more attractive financing options for the policyholder to increase working capital from the same pool of receivables.
The market demands dynamic ongoing assessments of the customer’s risk profile. Our methodology ensures credit limits move with the business needs.
Market Insights
Access any market segment's latest historical data, market trends, and economic indicators required for qualitative insights on default probability.
Leverages legacy data from thousands of policies to provide innovative credit management tools and insights for mid-size to multinational clients.
MAP Insurance® intends to research and develop a Credit Engine algorithm to expedite the customer experience and back office underwriting process.
Benefits in Use
Customer coverage
Fixed policies provide limited coverage and don’t allow the policy holder to dynamically grow and adapt to their business needs.
Craft custom AI powered insurance products that consider the complexity of relationships, and market segments trends.
Businesses with intricate trade networks are covered with flexible parameters encouraging an increase in international trade and commerce while ensuring comprehensive coverage across various partners.
Combining insurance products
Insurers might assume traditional data analytics provide the same results for a set product but neglect to analyse the policy holder’s entire coverage scope across multiple products.
Use AI powered distribution to combine complex and large data assets, capture nonlinear patterns, and reveal granular insights across multiple insurance products.
Recommendations to eliminate policy gaps and next level analytics reduces churn and increases cross selling.
Policy Automation
Micromanaging policy enforcement is labour intensive, manual, and ineffective as the insurance portfolio grows.
Map policies to a centralised database for proper analysis. Manage and track policy exceptions, automate reports, and build workflows for reviews and approvals.
Maximisation of productivity, cross departmental visibility, and allowing for focus on business growth instead of redundant administrative tasks.
Expansion anticipated even though global trade volumes are slow
6%
Growth rate estimated for 2024
Attributed to premium rate increases and Asia Pacific market expansion
Understanding trade credit insurance
Trade credit insurance (TCI) can be known under several other industry terms “accounts receivable insurance”, “export credit insurance”, or “debtors insurance”. The purpose is to protect businesses of all sizes against the inability of their commercial customers to pay for products or services due to bankruptcy, insolvency, or political upheaval. TCI allows for global companies to confidently extend credit or terms to new or existing customers without undue risk.
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