NewgenONE Platform for
Life and Annuity Insurance
Optimize operations, automate processes, and enhance customer experiences across the life insurance journey.
“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
Step into a new era of InsurTech excellence as we bring you cutting-edge solutions designed to transform your life insurance needs. Experience the power of streamlined automation of customer journeys—from claims and policy management to underwriting and policy servicing—with NewgenONE, a low code platform, for insurance firms. Optimize your workflows, automate complex processes, and deliver an unparalleled customer experience with our low code suite of life insurance solutions. Configure a comprehensive product set-up that includes various fixed/floaters plans, riders, coverage/benefit mapping, and more. Efficiently handle enrolment of new providers, rate lists, etc. Get a smooth billing and finance operation in place. Set a benchmark for unparalleled customer satisfaction and embark on a transformative journey toward operational excellence.
Solutions Built On NewgenONE Platform for Life Insurance
Learn what Newgen’s Life Insurance Solutions can do for you
Success Stories
Horizontal Platforms for Insurance Providers
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%
Explore Newgen’s Other Insurance Solutions
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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