Digital. Dynamic. Dependable.
Automate Policy Booking and Binding for Life and Annuity Insurance
Streamline policy and clause lifecycle management with customizable templates and rules-based definitions for efficient updates.
“With the quick implementation of Newgen’s Smart Policy Solution within 8 months, we have streamlined our policy servicing process. It has allowed access to 400 users across the contact center and back office.”
CIO – Policy Servicing, Life & Annuities Insurer
Learn What Newgen’s Policy Booking & Binding Solution Can Do For You
Rules-based Clause Management
Define new clauses of the policy contract through an interface where rules-based wording can be included, excluded, or replaced at the clause definition level. Revise clauses, wordings, and definitions with complete version control and apply various rules to handle multiple products and endorsements.
Clause & Template Library
Determine multiple template structures for lines of business, new products, or endorsements, allowing users to instantly update existing templates. Access a centralized wording and clause library for easy search and utilize maker-checker workflows to review and approve modifications in the library.
Contract Generation
Generate policy contracts on demand or in batches using clauses, wordings, and defined templates. Enable rules-based changes in policy/wording/clause by designated users.
Easy Integration
Seamlessly integrate with the core policy administration system to retrieve client, coverage and endorsement details, select a suitable template, and apply relevant wording rules based on the chosen coverages. Obtain the required metadata for policy generation and integration to support API and batch-based integration.
Rules-based Clause Management
Define new clauses of the policy contract through an interface where rules-based wording can be included, excluded, or replaced at the clause definition level. Revise clauses, wordings, and definitions with complete version control and apply various rules to handle multiple products and endorsements.
Clause & Template Library
Determine multiple template structures for lines of business, new products, or endorsements, allowing users to instantly update existing templates. Access a centralized wording and clause library for easy search and utilize maker-checker workflows to review and approve modifications in the library.
Contract Generation
Generate policy contracts on demand or in batches using clauses, wordings, and defined templates. Enable rules-based changes in policy/wording/clause by designated users.
Easy Integration
Seamlessly integrate with the core policy administration system to retrieve client, coverage and endorsement details, select a suitable template, and apply relevant wording rules based on the chosen coverages. Obtain the required metadata for policy generation and integration to support API and batch-based integration.
Brands using Newgen Platform
