“We’ve seen a 40% reduction in processing time with Newgen’s Policy Issuance and Underwriting solution, enabling us to offer personalized service, streamline operations, reduce manual errors and improve our customers’ experience.”
VP, Life Insurance Provider
Learn what Newgen’s Policy Issuance & Underwriting Solution can do for you
Personalized Product Recommendations
AI and ML engines analyze customer data to create detailed profiles, capturing unique preferences and risk factors. Based on the profile, AI models suggest tailored insurance products and generate instant quote.
Automated Validation
Digital KYC supports an automatic population of KYC details and document upload. Automated lifestyle profiling through integration with wearable devices and facial analysis enhances assessment accuracy.
Omnichannel Communications and Policy Kit Generation
The AI-powered customer communication platform enables personalized, need-specific communication throughout the journey through the policyholder’s preferred channel. Our configurable template library helps you achieve Instant Quotations and Policy Kit generation.
Intelligent Underwriting
Rule-based and AI-enabled underwriting maximize insta issuance and mitigate risk. Newgen Marvin supports Gen-AI based medical report analysis. 360-degree Underwriting Workbench unifies risk profiling and premium calculation. The workbench handles requirement management and generates counteroffers with revised premium or clauses.
Personalized Product Recommendations
AI and ML engines analyze customer data to create detailed profiles, capturing unique preferences and risk factors. Based on the profile, AI models suggest tailored insurance products and generate instant quote.
Automated Validation
Digital KYC supports an automatic population of KYC details and document upload. Automated lifestyle profiling through integration with wearable devices and facial analysis enhances assessment accuracy.
Omnichannel Communications and Policy Kit Generation
The AI-powered customer communication platform enables personalized, need-specific communication throughout the journey through the policyholder’s preferred channel. Our configurable template library helps you achieve Instant Quotations and Policy Kit generation.
Intelligent Underwriting
Rule-based and AI-enabled underwriting maximize insta issuance and mitigate risk. Newgen Marvin supports Gen-AI based medical report analysis. 360-degree Underwriting Workbench unifies risk profiling and premium calculation. The workbench handles requirement management and generates counteroffers with revised premium or clauses.
Brands using Newgen Platform
Brands using Newgen Platform
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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