“Newgen’s Group Underwriting Solution has reduced our underwriting turnaround time by 40%, allowing us to onboard large corporate clients quickly and efficiently. The automated risk assessment tools and member management tools have improved accuracy and cut down on manual errors. Our underwriters can now focus on more complex cases.”
Director of Underwriting, Life Insurance Provider
Learn what Newgen’s Group Underwriting Solution can do for you
Omnichannel Proposal Initiation
Enable omnichannel proposal initiation through customer portals, mobile applications, and email scanning of quotation request forms. Rating calculation, premium calculation, and rate finalization can be done in the proposal/quotation. The configurable module allows users to define and plan details for various insurance customers.
Quotation and Contract Generation
Create and auto-append multiple quotation versions to the previously generated quotation number and maintain it in the system. The system can capture all contract-related details, auto-ingest quotation data into the workflow, and quickly generate documents and real-time customer communication.
Rule-driven System
Perform rules-based premium calculation and data management using UI-based configurable masters and system-driven loading depending on the risk associated with the case. Allocate cases to underwriters based on approval authority, experience with handling case-level complexity, workload, etc.
Underwriting Checks and Validations
Validate data and perform de-dupe checks on uploaded member data. Users can also execute auto underwriting rules on member-level rules such as sum assured, adverse declaration, and age.
Omnichannel Proposal Initiation
Enable omnichannel proposal initiation through customer portals, mobile applications, and email scanning of quotation request forms. Rating calculation, premium calculation, and rate finalization can be done in the proposal/quotation. The configurable module allows users to define and plan details for various insurance customers.
Quotation and Contract Generation
Create and auto-append multiple quotation versions to the previously generated quotation number and maintain it in the system. The system can capture all contract-related details, auto-ingest quotation data into the workflow, and quickly generate documents and real-time customer communication.
Rule-driven System
Perform rules-based premium calculation and data management using UI-based configurable masters and system-driven loading depending on the risk associated with the case. Allocate cases to underwriters based on approval authority, experience with handling case-level complexity, workload, etc.
Underwriting Checks and Validations
Validate data and perform de-dupe checks on uploaded member data. Users can also execute auto underwriting rules on member-level rules such as sum assured, adverse declaration, and age.
Brands using Newgen Platform
Brands using Newgen Platform
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