Underwriting Guidelines

Underwriting guidelines allow you to choose the minimum grades for each risk vector that can be used to compare against a company’s risk vector grades.

Many insurance carriers have their own nuanced view of what makes an insurance applicant risky through the lens of Bitsight data. Not every risk vector (graded good or bad) is relevant in making an underwriting decision. Underwriting Guidelines allows them to pick and choose which risk vectors to include in an underwriting decision.

Default Guidelines: The default settings are configured based on the 2022 Bitsight study with Marsh McLennan which found a correlation to breach with 13 Bitsight risk vectors.

Admin-Defined Guidelines: Underwriting guidelines defined by Admin. Only Admins are authorized to modify these guidelines.

To set guidelines:

1. Use the checkbox next to each risk vector to select it.
2. Use the grade dropdown to set the minimum grade for that risk vector.
3. Use the checkbox in the header of each table to bulk select & deselect risk a category of risk vectors.
4. Select Save to save the changes.