Introducing Under-RIGHT v3 to future-proof your underwriting

Through Deloitte’s deep experience of transforming underwriting, the Under-RIGHT v3 Capability Assessment Framework has been developed to accelerate the capability diagnostic of an insurance organisation and establish target state visions.
 

What does Under-RIGHT include?
 

• Underwriting Capability Framework: A visual depicting all capabilities a leading (re)insurers needs to execute in the market
• Capability Definitions: Market aligned capability descriptions to help baseline the assessment, supported by descriptions of lagging, forming and leading capabilities utilising Deloitte’s market knowledge allowing you to benchmark current capabilities and define a target state.
• Thematic Capability Analysis: Capability impact assessment across key market trends to support identification and understanding of market challenges per capability.
   

What’s new in version 3?
 

• Soft market readiness assessment
• Cost optimisation assessment
• Generative AI use case mapping across Underwriting
• Ceded Reinsurance Capability Framework
• Updates to reflect latest market innovations
   

How can Under-RIGHT v3 help you?
 

• Benchmark capabilities to market leading definitions: Assess how mature your current business capabilities are compared to lagging, forming and leading definitions using a structured and trusted approach.
• Scope strategic direction: Use a structured framework to define your detailed future state underwriting business capabilities creating clear direction across all functions.
• Holistic business assessment: The framework enables you to action a cross-business assessment spanning marketing, underwriting, actuarial and finance providing a holistic view of capability maturity.
• Identifies capability gaps: Analysis will help you identify capability ‘gaps’ or ‘shortfalls’ compared to competitor abilities.
• Identifies and records business pain points: The structured framework enables you to assess and record key pain points impacting current capabilities and identify potential blockers/ challenges to achieving defined target state.
• ‘Out-side in’ insight: Opportunity to identify how capabilities differ in the market promoting wider business assessment consideration / criteria
   

What markets does Under-RIGHT v3 help?
 

• Specialty including London Market
• Reinsurance
• General Insurance including Mid-Market and SME
   

What placement types does Under-RIGHT v3 support?
 

• Open market
• eTrade
• Delegated Authority
   

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