Digital. Dynamic. Dependable.
Automate Journeys to Transform the Insurance Value Chain
Enhancing Life Insurance journeys with automation at every touchpoint—ensuring fast, personalized, and secure experience for every policyholder.
“With Newgen’s AI-powered insurance solutions, we were able to reduce the cycle time for claim settlement by nearly 35%. The automated underwriting capability improved validations, leading to a 15% decrease in decision discrepancies.”
Senior VP, Leading Life Insurance Company
Learn what Newgen’s Life Insurance Solutions can do for you
Learn what Newgen’s Life Insurance Solutions can do for you
Non-journey use cases for Life Insurance
Centralized product configurator standardizes insurance rules, ensuring consistency, efficiency, and seamless integration.
Core rules & rating engine centralizes underwriting and claims rules, automating manual evaluations efficiently.
Stateless journey orchestration engine streamlines customer journeys by seamlessly centralizing decisioning across systems.
Cash & receipt management automates collections, reconciliation, and tracking, reducing manual effort and errors.
Fraud engine detects fraud risk in onboarding and claims using standardized rules and data models.
Integrated AI-powered content workbench enables seamless content access and operations within core insurance systems.
Communications hub automates multi-channel customer communications across onboarding, underwriting, claims, renewals, and servicing.
Template Manager automates policy kits and letters, standardizing document generation with rule-based templates.
Success Stories
Success Stories
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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