Digital Process Automation Software for Insurance Companies

Digital Process Automation Software for Insurance Firms

Streamline and centralize your key business functions, including customer onboarding, claims processing, underwriting, and policy administration with our low code-based insurance-specific applications, built on the NewgenONE Digital Transformation Platform. Reduce time-to-market, improve accuracy, and deliver a consistent, omnichannel customer experience across life, health, and general insurance coverage areas.

eBook

Why Newgen for Insurance?

Download the complete eBook to learn how Newgen can transform your organization and why enterprises globally trust us to be a reliable partner in their digital transformation journeys.

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Success Stories

Accelerated digital
transformation of Processes

Watch how Venerable leveraged Newgen’s platform to accelerate digital transformation for enterprise-wide processes.

Digital Health
in the Pandemic World

Hear Alok Rungta, Head of Health and Protection, AXA Insurance, as he speaks on the post-pandemic customer behavior

Faster speed-to-market
with Newgen

Learn how Tokio Marine HCC modernized their policy generation process with Newgen.

Solutions for Insurance Industry

Policy Underwriting

Policy elements and underwriting analysis
Policy underwriting evaluation
Underwriting checks and validations
Rules-based underwriting
Policy information accessibility
Integration and personalization capabilities

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Policy Servicing

Auto-ingestion of policy details
Parallel processing of policy requests
Automatic case classification
Policy servicing compliance
Personalized customer communications

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Claims Processing

Smart case routing and allocation
Customer self-service portal
Policy information retrieval and verification
Rule-based algorithms
Thorough claim assessment
Monitoring and insights

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Point of Sales and Service

Quotation Management
e-Application
Claim Intimation
Service Request Initiation
360-degree Process View

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Policy Generation

Policy Wording, Binding and Generation

Comprehensive Clause Library
Dynamic Template Library
Seamless Policy Creation

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Policy Wording, Binding and Generation - Insurance

Where are you in your digital transformation journey?

Problem Identification

We have compiled tools and documents to help you in your journey. Knowing that “what you see depends on where you stand,” we have something for you, as a line-of-business operations in-charge, an IT leader, or a C-level executive, for your industry-specific needs.
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Solution Exploration

At this stage, you might find that the available technology/solution is going beyond your initial expectations in terms of scope. This is also the stage of building consensus among your peers for your industry-specific needs, whether you are a line-of-business operations in-charge, an IT leader, or a C-level executive.
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Requirement Building

This stage is all about looking beyond features and functions. After all, addressing just the immediate need can translate into “short term gain but long-term loss.” Invest in a technology that solves for your today’s needs and is extensible and configurable for your unknown future needs. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you don’t want to go through the same process in another 2-3 years !
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Vendor Selection

It all comes down to choosing the right partner. Their innovation history, industry focus, local presence, support services, partner ecosystem, technology strength, cost effectiveness, customer references, risk rating, and lot more needs to be evaluated. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you are all evaluating them from your unique perspectives!
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Solution Optimization

That feeling of achievement and relief after a successful, on-time, in-budget project is all what you look for. Believe us, the feeling is mutual. As a line-of-business operations in-charge, an IT leader, or a C-level executive, make sure you celebrate the milestone, recognize everyone who made the project successful, and identify your additional digital needs.
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