Marine Cargo Underwriting Assessment

What does this mean?

Underwriters make faster, consistent decisions with complete documentation and traceable rationale, improving turnaround times and reducing loss exposure.

How it works?

Ingests voyage documents, bills of lading, manifests, and certificates, checks compliance against underwriting criteria, pulls vessel and client history from registry and internal files, and produces a source-linked underwriting report with risk ratings and recommendations for marine cargo coverage.

Workflow steps

Step 1: Ingest voyage documentation

The Workflow begins when voyage documents are submitted—bills of lading, cargo manifests, insurance certificates, and shipping schedules. These can be uploaded manually or triggered automatically when new files arrive in a connected folder.

Step 2: Extract and structure key details

Cassidy parses the uploaded documents to pull out critical data points: vessel name, IMO number, cargo type and value, voyage route, port calls, and coverage dates. This structured information feeds every downstream step.

Step 3: Validate compliance against underwriting criteria

The Workflow checks the extracted details against your underwriting guidelines stored in the Knowledge Base—flagging issues like restricted trade routes, prohibited cargo types, or missing certifications that fall outside acceptable risk parameters.

Step 4: Research vessel and client history

Cassidy searches internal files for prior claims, loss history, and account notes on the client. It also pulls vessel data from maritime registries to verify classification status, inspection records, and any flags or detentions.

Step 5: Generate risk assessment report

Using all gathered information, the Workflow produces a comprehensive underwriting report—complete with risk ratings, compliance status, source-linked citations, and clear recommendations for coverage terms or declination.

Step 6: Route for underwriter review

The completed assessment is sent to an underwriter for final review and decision. Human-in-the-Loop ensures every binding decision has expert sign-off before the policy moves forward.