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60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |    

“Newgen’s solutions for life and annuity insurance helped us reduce the policy issuance time and boost our entire portfolio. We optimized 100+ request types and workflows to 15 simplified workflows and clubbed four legacy systems into a consolidated AI-based repository.”

– Chief Operations Officer, Leading US Life & Annuity Insurance Company

Learn What Newgen’s Life & Annuity Insurance Solutions Can Do for You

Policy Issuance & Underwriting

Accelerate policy issuance with an automated underwriting engine, minimize abandonment rate, and boost policy growth.

Intelligent Claims Management

Ensure efficient and hassle-free settlements for life insurance policyholders with automated adjudication.

Policy Booking & Binding

Streamline policy and clause lifecycle management with customizable templates and rules-based definitions for efficient updates.
Newgen’s AI-powered Policy Servicing For Life Insurance

Life insurers need an AI-powered, automated solution that extends across the entire journey for policy servicing.

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Key Benefits

  • Optimize claim settlement ratio through risk prediction and omnichannel verification
  • Improve security using enterprise-grade AI-powered fraud detection tools
  • Fast policy issuance with a ready-to-use template library and autovalidation feature
  • Customizable customer engagement platform for higher conversion of quotation to proposal
  • Enhance agent performance with real-time monitoring and an agile compensation structure
Corporate professionals

Find Your Winning Strategy with Newgen

Request a demo to explore our solutions for omnichannel onboarding, fast policy issuance, and intelligent underwriting for life insurance journey automation.

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