Westcor International signs multi-year partnership with Orbital Witness

Nothing comes close to Orbital Witness, especially when it comes to the more complex risks.

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Westcor International is a leading Managing General Agent (MGA) specialising in title insurance solutions for property transactions. Based in the UK, Westcor has been using Orbital Witness for the past two years to enhance their underwriting processes. Westcor recently signed a multi-year contract extension with Orbital Witness.

We caught up with them to understand why: 

The challenge

As an MGA, Westcor is entrusted with the authority to issue multi-million pound title insurance policies, a responsibility that requires rigorous underwriting and due diligence, often against the backdrop of limited information being provided in the first instance, and clients’ expectations of a swift turnaround to an enquiry.

Our solution

Westcor integrates Orbital Witness into their underwriting process to enhance their level of detail, accuracy and speed. Orbital Witness provides a comprehensive set of tools for underwriting title risks associated with single assets, large development sites and property portfolios, including bulk title verification, integrated company ownership checks, and the ability to easily query and visualise critical information such as nearby land ownership, historic planning applications, highways and boundary data.

Having all these tools in one easy-to-use platform allows Westcor’s team of underwriters to quickly get a policy out to a customer without compromising on the level of detail and granularity needed to confidently and comprehensively underwrite the risk.

The platform’s newest capabilities, such as overlaying historic paper records and plans onto current digital maps and ownership information, and the ability to search for specific entries in leases, deeds and across multiple title documents at once, save even more valuable time and reduce the chance of missing or misinterpreting critical information.

The result

Westcor International’s implementation of Orbital Witness exemplifies how leveraging advanced technology can both bolster risk management practices and help secure business by issuing title policies more quickly, with tighter terms, even on complex enquiries.

Ben Baker, Chief Underwriting Officer of Westcor explains, “Orbital Witness enables us to gather the most comprehensive and up-to-date information available, ensuring our underwriting is as meticulous as possible and we’re able to issue policies quickly with minimal subjectivities and exclusions, which is what our clients want.”

Describing the decision to extend the partnership for multiple years, Ben reflects “Orbital Witness really understands what we do and the product continues to improve in value for underwriting purposes. We periodically survey the market to ensure that we’re using the very best technology for our team, clients and insurance partners. Nothing comes close to Orbital Witness, especially when it comes to the more complex risks.”

Keen to find out how Orbital Witness could supercharge your business? Book a call with our team.