NewgenONE Platform
Accelerate Policy Issuance with Newgen and InsureMO
Deliver seamless policy issuance for SME enterprises and commercial motor insurance. Support insurers, brokers, and MGAs with faster, AI-first underwriting and automated risk assessment.
Newgen and InsureMO have partnered to deliver a comprehensive, digital-first solution for policy issuance, renewal, and administration by leveraging NewgenONE’s Intelligent Process Automation platform and front-end capabilities, along with InsureMO’s powerful middleware APIs.
This integration is orchestrated to improve process efficiency for insurers, managing general agents (MGAs), and brokers. It is tailored to meet specific needs of:
- SME Package Policy Insurance for five key sections, including Business Property, Business Interruption, Machinery Breakdown, Electronic Equipment, and
- Policy Issuance for Commercial Motor Vehicles
How the Newgen-InsureMO Integration Works
Together, NewgenONE and InsureMO ensure bidirectional data flow, real-time updates, and secure cloud deployment, enabling insurers to manage policies with speed and accuracy.
NewgenONE: The Intelligence Behind Insurance Workflows
Intuitive UI
Get a centralized system for insurers to initiate and track policy applications
Workflow Automation
Streamline processes for approvals, underwriting, and policy issuance
Underwriting Workbench
Assist underwriters with a dedicated environment for NSTP cases in assessing risks, reviewing applications, and making informed decisions
Document Management
Automate document generation and storage, and support quick retrieval of policy documents
InsureMO: The Middleware Powering Ecosystem Connectivity
API Management & Orchestration
Ensure effective journey mapping as required by brokers, MGAs or insurers with easy availability of all the insurance processes
System Extensibility
Integrate seamlessly with core insurance systems and third-party data systems
Accurate Premium Calculation
Utilize the advanced Underwriting Engine to enhance risk assessment and premium calculation, based on the specific characteristics of each policy
Scalability and Flexibility
Adapt to high transaction volumes and evolving business needs by utilizing the highly scalable middleware built on the MACH (Microservices, Cloud, Headless) principle
Key Benefits of the Integration
- Faster Policy Issuance – Automated workflows eliminate manual intervention and reduce time taken by underwriters for policy risk assessment during application processing.
- Minimized Errors and Compliance Risks – Structured workflows and underwriting validation reduce human errors and ensure compliance with regulatory requirements.
- Enhanced Operational Efficiency – Streamlined end error-free processes reduce operational overhead and boost team productivity.
