Digital. Dynamic. Dependable.
Digitize Group Underwriting, from Request to Contract Binding
Empowering underwriters with a digital, low-code workbench— for seamless request initiation, contract binding, and quote modification while reducing cost, and minimizing errors through robust data validation.
“With Newgen, we achieved a 50% improvement in TAT for data capture and quotation generation, reduced manual errors by 40% through automated validations, and streamlined member management with efficient data validation.”
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
Find Your Winning Strategy with Newgen
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