Digital. Dynamic. Dependable.
Automate Policy Booking and Binding for Life and Annuity Insurance
Streamline policy and clause lifecycle management with customizable templates and rules-based definitions, enabling efficient updates and effective preemptive renewal, and improving customer retention.
“It’s been such an amazing journey. In just eight months, we were able to bring Newgen’s Smart Policy Solution to life, and the difference it has made feels almost effortless. Our policy servicing is smoother now, and what really warms my heart is seeing over 400 team members, from our contact center to the back office, now able to work more efficiently, with less friction and more focus on helping customers. It’s not just about technology; it’s about empowering our people and taking better care of our customers.”
Chief Information Officer, Policy Servicing, A top-tier Life & Annuities Insurer
Learn What Newgen’s Policy Booking & Binding Solution Can Do for You
Rule-based Clause Management
Easily define and update contract clauses through a user-friendly interface. Include, exclude, or replace wording with rule-based precision. Maintain full version control and apply flexible rules to manage products and endorsements efficiently
Flexible Clause and Template Management
Determine multiple template structures on lines of business, product, or endorsement levels, allowing users to instantly update existing templates. Users can access a centralized wordings and clause library for easy search and utilize maker-checker workflows to review and approve modifications in the library
Contract Generation
Generate policy contracts instantly or in bulk using approved clauses, wordings, and templates. Allow authorized users to make rule-based adjustments to policies, wordings, and clauses with full control
Robust Integration
Seamlessly integrate with the core policy administration system to retrieve client, coverage, and endorsement details. Choose the right template, apply relevant wording rules based on selected coverages and retrieve all necessary metadata for policy generation. Support API and batch-based integration for flexible, efficient workflows
Rule-based Clause Management
Easily define and update contract clauses through a user-friendly interface. Include, exclude, or replace wording with rule-based precision. Maintain full version control and apply flexible rules to manage products and endorsements efficiently
Flexible Clause and Template Management
Determine multiple template structures on lines of business, product, or endorsement levels, allowing users to instantly update existing templates. Users can access a centralized wordings and clause library for easy search and utilize maker-checker workflows to review and approve modifications in the library
Contract Generation
Generate policy contracts instantly or in bulk using approved clauses, wordings, and templates. Allow authorized users to make rule-based adjustments to policies, wordings, and clauses with full control
Robust Integration
Seamlessly integrate with the core policy administration system to retrieve client, coverage, and endorsement details. Choose the right template, apply relevant wording rules based on selected coverages and retrieve all necessary metadata for policy generation. Support API and batch-based integration for flexible, efficient workflows
Brands using the NewgenONE Platform
