Skyward Specialty Enhances AI-Driven Underwriting with Sixfold Partnership

Skyward Specialty Insurance Group has partnered with Sixfold to enhance AI-driven underwriting processes in its U.S. property and casualty lines. This strategic collaboration follows a successful pilot phase, underscoring Skyward Specialty's commitment to improving operational efficiency in underwriting. The integration aims to streamline regulatory compliance requirements and support risk management efforts across their services.

Enhancing Underwriting with AI

Sixfold’s AI platform is currently active across six business units and more than ten product lines within Skyward Specialty. The initial deployment typically takes between eight to ten weeks, focusing on processing submissions, prioritization, and aligning underwriting decisions with appetite and risk assessment. This technology allows underwriters to leverage AI insights while applying their expertise to maintain a collaborative workflow.

Augmenting Expertise and Efficiency

Skyward Specialty's leadership is dedicated to augmenting underwriters’ capabilities by providing deeper insights and faster access to critical information. This approach aims to enhance underwriting accuracy and responsiveness, fostering a cycle of continuous improvement driven by AI and human knowledge. By integrating artificial intelligence, Skyward Specialty positions itself to maintain a competitive edge in the market.

The insurer operates across nine underwriting divisions, including captives and professional lines, with subsidiaries such as Great Midwest Insurance Company and Houston Specialty Insurance Company. These entities boast an 'A' rating from AM Best, reflecting financial strength and operational stability. The partnership with Sixfold signifies a pivotal step towards integrating innovative technology into traditional insurance processes, potentially leading to superior operational outcomes and efficient decision-making.