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For Lloyd’s syndicates, insurers and MGAs

Underwriting systems
that think. Underwriters
who decide.

A broker email becomes a structured, priced, auditable risk before anyone opens it. Then a person makes the call.

Broker emailunstructured
From: j.hartley@marlowbrokers.co.uk
Subject: FW: Northgate Cold Storage // renewal terms // 1 Oct

Hi, please see attached slip and SOV for the captioned.
TSI is USD 486.2m across 14 locations, mainly refrigerated
warehousing. Occurrence basis, 12 months at 1 October.
Deductible per endorsement 3 attached. Grateful for terms.
Structured risk0 of 7
Insured
Northgate Cold Storage Ltd
0.97
Occupancy
Refrigerated warehousing
0.91
Period
01 Oct 2026 to 30 Sep 2027
0.94
Total insured value
USD 486,200,000
0.88
Coverage basis
Occurrence
0.93
Locations
14
0.95
Deductible
See endorsement 3
0.61
One field below threshold. Referred to the underwriter, not guessed.

Monday, 08:40

Forty submissions arrived over the weekend. Three are worth writing. Your best underwriter will spend until Wednesday finding out which three, retyping schedules into a spreadsheet, and chasing a broker for a deductible that was in the slip all along.

None of that is underwriting. All of it is what underwriters do.

Live in weeks

One line of business in production on your own data, not an eighteen month programme.

Human in the loop

Every output carries a confidence score and a citation. Nothing binds itself.

Hosted in your market

UK, EU, US and Asia. Single tenant, your keys.

Model agnostic

No dependency on one AI provider, and no lock in to ours.

Human in the loop

The machine reads. The underwriter decides.

Automation that cannot be questioned is a governance problem waiting to surface. Every AI output here arrives as a proposal with its evidence attached.

syntxt / work queue
ReferenceInsuredSourceTIV USDAppetiteAge
PD-2026-0481Northgate Cold StorageOpen market486.2mStrong2h
PD-2026-0479Harbour Point MarinaOpen market94.7mRefer6h
PD-2026-0477Castellan Hotels GroupDelegated212.0mStrong1d
PD-2026-0474Meridian AggregatesOpen market58.9mOutside1d
PD-2026-0471Aldgate Logistics ParkDelegated301.4mStrong2d
Every submission scored against your appetite and ranked before an underwriter opens it.
syntxt / submission PD-2026-0481 / pricing
Technical premium
Locked by engine
USD 1,284,600
Rate 0.264% of TIV · ROL 6.42%
Premium build up
Risk premium61%
Catastrophe load12%
Reinsurance9%
Acquisition8%
Expenses6%
Profit and capital4%
Underwriter loading
-25%+7.5%+50%
Actual premiumUSD 1,380,945
Rate adequacy107.5%
Suggested

Expiring rate movement on this occupancy is +4.1%. A loading between 6% and 9% holds rate adequacy above 105% while remaining competitive against the expiring terms.

Technical rate computed and locked by the engine. The underwriter’s loading, and its effect on rate adequacy, is visible at the moment it is applied.
syntxt / submission PD-2026-0481 / decision and bind
Appetite clearedSanctions clearedRated pre bindAbove maker authority
Maker
JE
J. Ellery
Underwriter · limit USD 5m
Submitted 14:22 today
Checker required
?
Awaiting second approval
Requires authority above USD 15m
The maker cannot approve their own submission. Bind stays unavailable until a separate authorised user approves.
Decision rationale, drafted for review

Refrigerated warehousing within appetite. Sprinklered throughout, ammonia plant with annual inspection, no losses above deductible in five years. Gulf wind aggregation at 84% of zone capacity, so a 30% line is taken rather than the 40% offered. Priced at 107.5% rate adequacy against a technical rate of 0.264%.

Sprinkler certification within 30 daysAmmonia inspection reportNamed windstorm deductible 5%
Bind lockedSecond approval outstanding
Authority enforced by the system. A maker cannot approve their own risk.

Platform

From submission to settlement, in one record

No rekeying between the workbench, the policy system and claims.

Submission triage

Slips read on arrival, ranked by appetite fit before anyone opens them.

Data augmentation

Credit, registry, sanctions, geocoding and catastrophe data added at intake.

Rating and pricing

Technical rate locked before bind. Your models, connected.

Appetite and rules

Your appetite as rules, not tribal knowledge. Every hit explained.

Activity management

Queues, SLAs, referrals and authority limits. Nothing hides in an inbox.

MRC and bordereaux

Contracts parsed. Bordereaux validated. Exceptions tracked, not emailed.

Portfolio intelligence

Aggregation, catastrophe exposure, rate and combined ratio, live.

Policy administration

Endorsements, renewals and cancellations as events, never overwrites.

Claims administration

Notification to settlement, linked to the risk that was written.

Portfolio and delegated authority

The book, as it stands right now

Aggregation against capacity, rate movement and combined ratio, with pipeline attributed before it binds. Binder utilisation and bordereaux exceptions in the same view.

syntxt / portfolio intelligence
GWP year to date
USD 196.3m
+6.2% vs plan
Rate movement
+3.8%
12 month rolling
Retention
88.4%
by premium
Combined ratio
81.0%
including expense
Written against plan
Written Plan
JanFebMarAprMayJunJulAug
Zone utilisation
1 near limit
Gulf wind84%
California quake61%
North Atlantic wind46%
Japan quake93%
European windstorm38%
syntxt / delegated authority / bordereaux
Ingestion and validation
45 open exceptions1 overdue
CoverholderTypePeriodRisksExceptions
Ashford UnderwritingPremiumAug 20261,2840
Kestrel SpecialityPremiumAug 202696214
Vantage ProgramsClaimsAug 2026770
Brightwater MGAPremiumJul 20262,41131
Top exception

Brightwater MGA, July 2026: 31 risks carry a postcode that does not resolve to a catastrophe zone. Aggregation for those risks is excluded until resolved.

Market fluency

It already speaks the language of the box

Most underwriting software is a general commercial platform with a London market skin. Ours is modelled on how specialty risk is actually written.

  • MRC ingestion
  • Written and signed lines
  • Signed down
  • Lead and follow
  • Binder utilisation
  • Bordereaux validation
  • Lloyd's risk codes
  • Solvency II class
  • Realistic disaster scenarios
  • Four eyes
  • Claims made and retro dates
  • Layers and attachment
  • Multi currency
  • Inward and outward RI

Why we exist

Two bad options, and the one nobody offers

The platform programme

Licence a large product, then spend eighteen months bending it toward your classes. Value arrives long after the business case was signed.

The build project

Commission a build, own the code, and inherit patching, regulatory change and the headcount to carry both.

The Syntxt model

A product platform configured to your lines, in your cloud region, supported by the people who built it. Your shape, without the ownership burden.

How delivery works →

Start with one line of business

We prove it on a single class, on your data, with your underwriters, before anyone commits to a wider rollout. If it does not earn its place, you stop.