“Implementing Newgen’s Life Insurance Automation Solution has enabled us to reduce policy issuance time by 50%, improving our customer onboarding experience. The system’s scalability has been crucial, and the overall customer satisfaction has increased by 30%.”
Chief Operations Officer, Leading Life Insurance Company
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Success Stories
Brands using Newgen Platform
Brands using Newgen Platform
Key Benefits
- Increase in Claims Settlement Ratio by 40% though risk prediction and omnichannel verification
- Reduction in Claims Processing TAT by 50% with streamlined workflows
- Improvement in successful fraud detection by 30% using enterprise-grade AI-powered fraud detection tools
- Reduction in Policy Issuance TAT from days to hours with a ready-to-use template library and automated validation
- Configurable customer engagement platform leads to increase in conversions of Abandoned Quotations to Proposals by 30%
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