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MDDi: AI-Powered Insurance Underwriting Processing
Traditional underwriting workflows for Business Interruption coverage often rely on manual Statements of Values that are incomplete, inconsistent, or sometimes not filed at all. This creates delays, inefficiencies, and uncertainty for brokers, underwriters, and clients.
MDDi Underwriting changes that. Our automated underwriting tool uses actual, traceable financial statements with the ability to include business trends to instantly calculate potential BI exposure, delivering speed, accuracy, and confidence at the point of policy inception.
The MDDi Advantage
With nearly a century of forensic accounting expertise, MDDi blends deep industry knowledge with automated financial analysis. This combination enables brokers and underwriters to set BI limits quickly and consistently, without relying on error‑prone or incomplete manual Statements of Values.
Unlike generic underwriting calculators, MDDi is purpose‑built for non‑complex, single‑location businesses. It doesn’t just estimate exposure, it transforms the underwriting experience by improving accuracy, transparency, and operational efficiency.
Why Automation Matters
Streamlined Accuracy
Manual Statements of Values are often incomplete or incorrect, leading to uncertainty and inconsistent limit setting. MDDi replaces guesswork with transparent, data‑driven BI calculations.
Efficiency and Confidence
Underwriting decisions that once required time-consuming back‑and‑forth with clients can now be made in minutes, improving speed and streamlining the process.
Data as a Strategic Asset
Using structured financial inputs enables a more reliable and transparent underwriting process that allows for easy compliance and internal audit review.
Benefits of Automated BI Underwriting
With MDDi, brokers and underwriters can:
- Eliminate the need for manual Statements of Values
- Generate BI exposure instantly using verified financial data
- Consider both growing and declining business trends
- Improve consistency and decision quality across submissions
- Promotes more accurate BI exposure analysis
- Free up time to focus on clients and growth opportunities
Challenges MDDi Solves
- Incomplete or inaccurate Statements of Values
- Time‑consuming manual underwriting processes
- Lack of consistency in BI limit setting
- Limited visibility into how exposure is calculated
- Difficulty assessing growth or decline trends in a business
How MDDi Delivers Results
MDDi integrates seamlessly into underwriting workflows and provides immediate value.
Here’s how it works:
- Upload an Annual Financial Statement
- Automated Data Extraction Exposure Calculation (with and without ordinary payroll)
- Scenario Comparison (growing vs. declining business)
- Transparent BI Exposure Output Instant Limit‑Setting Confidence
