Sayata has launched Sayata Risk Engine, an AI-powered platform designed for risk assessment and underwriting for insurance carriers and MGAs.
The new product can identify specific high-risk accounts that may increase loss ratios.
This enables insurers to expand their risk appetite to boost premiums, while filtering out riskier accounts from their portfolio.
The firm says it could reduce carriers' loss ratios by up to 10 points.
Notable features include precise risk evaluation through proprietary AI, engine enhancement to avoid overfitting, and proprietary data vendor vetting and integration.
Sayata CEO Asaf Lifshitz says: “We offer a safety net that enables our partners to broaden their risk appetite while enhancing their overall profitability.
“Our team of experts in AI, data, actuarial sciences and insurance underwriting, worked to develop the S
