“Newgen’s life insurance solutions delivered close to 50% faster processing of cases and reduced errors by 40%. We achieved instant issuance of policies with automated validation and improved customer retention,”
Chief Operations Officer, Leading Life Insurance Company
Learn what Newgen’s Life Insurance Solutions can do for you
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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