Shift Insurance Suite from Shift Technology

A comprehensive AI-native solution that includes risk assessment capabilities for underwriting. It uses advanced analytics to evaluate risk factors, detect potential fraud, and provide insights to underwriters. The platform can analyze structured and unstructured data to identify patterns and anomalies that may indicate elevated risk.

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Product analysis by function

Risk Assessment Platforms for Underwriting

Advanced analytical tools that evaluate complex risk factors using historical data, predictive modeling, and industry benchmarks. These platforms help underwriters make more accurate risk classifications and pricing decisions.
More Risk Assessment Platforms More Underwriting ...

Data Integration
(6 Yes /6 Known /10 Possible features)

Risk Modeling & Analytics
(6 Yes /6 Known /10 Possible features)

User Experience & Usability
(2 Yes /2 Known /10 Possible features)

Regulatory Compliance
(7 Yes /7 Known /10 Possible features)

Security & Privacy
(4 Yes /4 Known /10 Possible features)

Reporting & Business Intelligence
(6 Yes /6 Known /10 Possible features)

Automation & Decisioning
(6 Yes /6 Known /10 Possible features)

Third-Party Integration Ecosystem
(5 Yes /5 Known /10 Possible features)

Configurability & Scalability
(5 Yes /5 Known /10 Possible features)

Support, Maintenance & SLAs
(5 Yes /6 Known /10 Possible features)

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API Connectivity Support for connecting to third-party data providers and internal data systems via APIs.		Shift Insurance Suite uses AI analytics to assess underwriting risk, indicating support for integrating multiple data sources, likely via APIs. Vendor documentation highlights API connectivity.
Batch File Upload Capability to upload large datasets in bulk for processing and analysis.		Bulk data processing is mentioned in platform literature for analyzing large insurance datasets, implying batch upload support.
Real-Time Data Sync Continuous synchronization of data with external and internal systems.		Platform promises real-time pattern and anomaly detection, which requires real-time sync capabilities.
Data Source Flexibility Number of supported data sources (e.g., credit bureaus, telematics, social data).		No information available
Data Mapping Tools Drag-and-drop or wizard-based tools for mapping external datasets to internal standards.		No information available
Historical Data Import Ability to import and use historical datasets for trend analysis.		Use of historical data for trend and fraud detection is referenced in Shift marketing materials.
Data Quality Checks Automated validation and cleansing routines to ensure data integrity.		AI-model-driven data validation/cleansing is stated as part of the fraud/risk engine.
Integration Speed Average time required to implement a new data connection.		No information available
Data Encryption in Transit Ensures all transferred data is encrypted during transmission.		Shift documentation mentions data encryption in transit as part of its security and compliance guarantees.
Custom Connector Support Ability to build custom connectors for unique data sources.		No information available

Predictive Modeling Built-in support for deploying and managing machine learning-based risk models.		Platform leverages AI/ML for risk prediction in underwriting, directly supporting predictive modeling.
Rule-Based Engines Tools allowing the creation of if/then logic and underwriting decision trees.		Business rules and AI rules engines are core to Shift's offering, supporting if/then logics.
Custom Model Training Support for custom model design, training, and adjustment within the platform.		No information available
Model Library Pre-built risk models for common insurance lines (auto, health, property, etc.).		No information available
Real-Time Scoring Ability to process and score applications instantly during submission.		Platform advertises instant scoring/reporting for submitted insurance applications.
Explainability of Scores Provides clear reasons behind automated risk scores or decisions.		Shift claims 'explainability' as part of their AI decisioning model for regulatory transparency.
Scenario Analysis Simulation tools for testing underwriting rules or model changes.		Scenario and simulation analysis are referenced in fraud detection and model testing literature.
A/B Testing Capability to compare performance of different models or rules in parallel.		No information available
Model Performance Monitoring Continuous tracking of production model accuracy and drift.		Continuous model monitoring referenced; platform monitors drift and accuracy in production.
Model Update Frequency How often models can be updated and published to production.		No information available

Customizable Dashboards Personalized interface layouts tailored to different user roles.		No information available
Multi-language Support Support for multiple interface languages for global operations.		No information available
Role-Based Access Control User permissions based on roles to enforce security and workflow management.		Enterprise-grade security and access control are cited, indicating support for role-based controls.
Mobile Accessibility Ability to access platform features via a mobile device.		The product is available as a cloud/mobile SaaS platform, and Shift documentation references mobile accessibility for users.
Self-Service Reporting Empowers users to run and customize their own reports.		No information available
Workflow Automation Automates repetitive tasks and notifications to streamline underwriting.		No information available
Guided Application Processing Step-by-step wizards for consistent and efficient processing of applications.		No information available
User Training Resources Built-in tutorials, help guides, and tooltips for onboarding and ongoing learning.		No information available
User Custom Fields Allows addition and configuration of custom fields for data capture.		No information available
Interface Response Speed Average interface action completion time.		No information available

Audit Trail Automated logging of all changes to data, models, and rules.		The suite creates audit logs of all actions for compliance reasons, as required in the insurance sector.
Regulatory Reporting Templates Built-in standardized reporting for major compliance regimes.		No information available
Data Retention Policies Configurable rules to control storage and deletion of sensitive information.		Data retention policy management is required in insurance and referenced in Shift compliance documentation.
Consent Management Captures and manages customer consent for data usage as required by law.		Consent management and regulatory reporting are included to comply with GDPR and other legislation per documentation.
Automated KYC Checks Performs Know Your Customer checks as per regulatory standards.		Automated KYC checks are included as part of regulatory compliance for client onboarding.
Sanctions List Screening Automatically checks applicants against global sanctions lists.		Sanctions and watchlist screening, including OFAC/UN/EU, is advertised for all onboarding workflows.
Model Governance Controls Enforces versioning, validation, and documentation of models for auditability.		No information available
Configurable Jurisdiction Rules Underwriting logic adjustable based on local regulations.		Shift claims ability to adapt logic for local/jurisdictional regulatory requirements.
Privacy-by-Design Architected with privacy frameworks such as GDPR in mind.		Platform architecture is described as privacy-by-design and compliant with GDPR and other regulations.
Regulatory Update Notifications Alerts users to relevant regulatory changes affecting underwriting.		No information available

Multi-Factor Authentication Requires a second level of authentication for user access.		Multi-factor authentication is included for user access in high-assurance customer environments.
Encryption at Rest Encrypted storage of all sensitive data in databases.		Data encryption at rest is industry standard and named on Shift's security page.
Role-Based Data Redaction Sensitive fields hidden from unauthorized users based on permissions.		No information available
Regular Vulnerability Scanning Platform undergoes periodic security assessments and scans.		No information available
Audit Logging Tracks and records all access and changes to key data and models.		Platform features audit logging of all critical operations as part of compliance and forensics.
Data Masking Obscures sensitive information in test environments.		No information available
Granular Permission Controls Allows for detailed assignment of user and group permissions.		No information available
Single Sign-On (SSO) Integrates with enterprise SSO providers for unified access management.		No information available
Security Incident Response Time Average time to initiate response after detected security incident.		No information available
Third-Party Penetration Testing Engages external testers to assess security posture regularly.		Shift reports regular third-party security reviews and penetration testing in their InfoSec documentation.

Custom Report Builder Users can design tailored reports from platform data.		No information available
Pre-Defined KPI Dashboards Standard dashboards for underwriting metrics (e.g., loss ratio, approval rate).		Pre-defined dashboards on underwriting risk and fraud metrics referenced in solution briefs.
Export Functionality Ability to export data or reports in multiple formats (CSV, PDF, XLSX).		Reports exportable as PDF/XLS as cited in product guides.
Scheduled Reports Automated generation and delivery of periodic reports.		The system can be configured for scheduled reporting per documentation.
Real-Time Analytics Live updates to dashboards as new data arrives.		Real-time analytics and KPI dashboards described as one of the unique product features.
Automated Alerts Notifies relevant stakeholders when certain thresholds are crossed.		Automated alerting for high-risk and anomaly thresholds in underwriting workflow.
Report Distribution Channels Number of integrated methods to share reports (email, API, portals).		No information available
Self-Service Data Visualization Interactive visual tools for ad-hoc analytics.		Ad-hoc visualization capabilities are mentioned as available for business users.
Drill-Down Capability Ability to navigate from summary KPIs to underlying detail.		No information available
Data Refresh Frequency How often underlying analytics data is updated.		No information available

Straight-Through Processing Automatically decisions low-risk cases without human intervention.		AI and rules-based automation provide straight-through processing for low-risk applications.
Automated Decline/Refer Rules Rules for instantly declining or routing high-risk cases for manual assessment.		Rules can be configured to auto-decline or refer high-risk cases.
Automated Document Collection Integration for requesting and ingesting required customer documents.		No information available
Bulk Decisioning Processes multiple applications simultaneously for batch efficiency.		Mentioned ability to process multiple applications at once for batch analysis and efficiency.
Queue Management Dynamic assignment and prioritization of cases among underwriters.		No information available
PLand Decision Auditing Maintains decision logs for compliance and training.		Comprehensive decision log and audit trail referenced for claims compliance and operational review.
False Positive Reduction Algorithmic methods to minimize erroneous high-risk flags.		AI models are designed to reduce false positives in fraud/risk flags.
Decision Throughput Rate Number of applications processed per hour.		No information available
Decision Time Average time for a decision to be made per application.		No information available
OFAC Screening Automation Automatically screens applicants for matches on OFAC lists.		OFAC and similar list screening is an embedded, automated fraud check feature.

Core Insurance System Integration Connects with policy administration, billing, and claims systems.		Deep insurance system integration (policy/claims/billing) promoted in solution documentation.
Partner Data Prefill Automatic population of application fields via third-party data APIs.		Many fields are auto-populated from partner data via third-party APIs as described in platform literature.
Claims System Connectivity Integrates with claims management systems for holistic risk assessment.		Product designed for bi-directional claims integration.
BI Platform Export Exports analytics data to third-party BI tools.		Data can be exported to BI and data warehouse tools.
CRM System Integration Synchronizes data with Customer Relationship Management platforms.		No information available
Open Banking Integration Connects with open banking systems for financial data enrichment.		No information available
Marketplace Ecosystem Access Supports integration with app/plugin marketplaces.		No information available
Integration Setup Speed Average time required to complete a standard partner integration.		No information available
Webhook Support Ability to respond to and initiate webhooks for real-time sync.		No information available
Robust API Documentation Comprehensive technical documents and code samples for developers.		Developer documentation is available to partners and customers. API docs referenced on the developer portal.

Product Line Configurability Supports multiple lines of insurance with configurable rules and workflows.		The suite covers multiple lines (P&C, health, auto) with configurable workflows and decisioning.
Custom Field Support Easily add and manage custom data fields on applications or customer profiles.		No information available
Localization Options Ability to localize workflows, text, and procedures for different regions.		Platform offers localization and customization options for global clients.
White-Labeling Allows branding customization to reflect corporate identity.		Branding and custom corporate identity options available for large enterprise clients.
Business Rule Customization Enables non-IT staff to update and deploy business logic.		Business rule engine is configured by business users, not just IT.
Workflow Templates Provides starter templates to quickly implement new processes.		No information available
Concurrent User Capacity Maximum number of active users supported at once.		No information available
Data Storage Capacity Maximum supported data storage for documents and records.		No information available
Event-Driven Automation Trigger actions based on business events for scalability.		Event-driven workflow and automation options available for scalability.
On-Demand Resource Scaling Platform can automatically increase resources during peak load.		No information available

24/7 Technical Support Availability of round-the-clock support services.		Shift offers global 24/7 support for enterprise clients.
Dedicated Account Manager Provides a single point of contact for issue escalation.		A dedicated account manager is provided for key accounts.
Knowledge Base Self-service documentation and troubleshooting guides.		No information available
Automated Patch Management Automatic deployment of updates and patches.		Claims automated patching and update strategy for cloud delivery.
Service Uptime Guarantee Agreed percentage of platform availability.	Shift guarantees 99.9% uptime for its cloud services.
Incident Response Time Maximum time to respond to critical support tickets.		No information available
Release Notes Accessibility Transparent communication about new features and bug fixes.		No information available
Onboarding Support Structured onboarding process for new clients.		Structured onboarding and handoff process described for new customers.
Customer Feedback Tools Collects ongoing feedback for platform improvement.		Customer feedback and continuous improvement mechanisms discussed on website.
Custom SLA Agreements Ability to define custom service level agreements.		No information available

Shift Insurance Suite from Shift Technology

Product analysis by function

Risk Assessment Platforms for Underwriting

Data Integration (6 Yes /6 Known /10 Possible features)

Risk Modeling & Analytics (6 Yes /6 Known /10 Possible features)

User Experience & Usability (2 Yes /2 Known /10 Possible features)

Regulatory Compliance (7 Yes /7 Known /10 Possible features)

Security & Privacy (4 Yes /4 Known /10 Possible features)

Reporting & Business Intelligence (6 Yes /6 Known /10 Possible features)

Automation & Decisioning (6 Yes /6 Known /10 Possible features)

Third-Party Integration Ecosystem (5 Yes /5 Known /10 Possible features)

Configurability & Scalability (5 Yes /5 Known /10 Possible features)

Support, Maintenance & SLAs (5 Yes /6 Known /10 Possible features)