NewgenONE Platform for
Optimize Onboarding, from Data Entry to Instant Issuance
Driving top-line growth with AI-enabled personalized recommendations, streamlined onboarding, and improved straight-through processing—enhancing instant-issuance rates for impactful results.
“With Newgen, we reduced application time by 60% and achieved 50% instant issuance, improving our STP rates and cutting customer dropouts by 40%, transforming our underwriting journey into a seamless, data-driven experience that fuels growth and customer retention.”
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.
Streamline Group onboarding
The solution simplifies and accelerates the client onboarding process up by 50%, providing a seamless experience for the insurers onboarding multiple corporate clients. This will help reduce manual errors, improve data accuracy, and enhance scalability by automating the complexities of group insurance, including the auto-creation of multiple quotation versions, risk assessments, and member management processes.
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.
Streamline Group onboarding
The solution simplifies and accelerates the client onboarding process up by 50%, providing a seamless experience for the insurers onboarding multiple corporate clients. This will help reduce manual errors, improve data accuracy, and enhance scalability by automating the complexities of group insurance, including the auto-creation of multiple quotation versions, risk assessments, and member management processes.
Learn what Newgen’s Policy Issuance & Underwriting Solution can do for you
Personalized Recommendations
Create detailed profiles using AI and ML engines to analyze customer data and capture unique preferences and risk factors. The AI models also consider Masdar data to enrich applicant details, suggest personalized insurance products and generate instant quotes.
Customer Verification
Support the automatic population of KYC details and document uploads with digital KYC. Integrations with Yakeen enable automatic verification and population of crucial identification information, ensuring accurate and faster processing through a guided application.
Health & Lifestyle Evaluation
Automated lifestyle profiling enhances assessment accuracy by integrating wearable devices and facial analysis for smoker profiling. Rules-based and AI-based risk and eligibility assessment leverages factors like IoT data, BMI parameters, past policy data, and credit scores to enable straight-through processing (STP) of low-complexity submissions.
Intelligent Underwriting
Maximize instant issuance and mitigate risk with rule-based and AI-enabled underwriting. Newgen Marvin supports Gen-AI-based medical report analysis, and the 360-degree Underwriting Workbench unifies risk profiling and premium calculation. The workbench manages requirements and generates counteroffers with revised premiums or clauses, supported by wage information from GOSI when relevant for comprehensive risk evaluation.
Personalized Recommendations
Create detailed profiles using AI and ML engines to analyze customer data and capture unique preferences and risk factors. The AI models also consider Masdar data to enrich applicant details, suggest personalized insurance products and generate instant quotes.
Customer Verification
Support the automatic population of KYC details and document uploads with digital KYC. Integrations with Yakeen enable automatic verification and population of crucial identification information, ensuring accurate and faster processing through a guided application.
Health & Lifestyle Evaluation
Automated lifestyle profiling enhances assessment accuracy by integrating wearable devices and facial analysis for smoker profiling. Rules-based and AI-based risk and eligibility assessment leverages factors like IoT data, BMI parameters, past policy data, and credit scores to enable straight-through processing (STP) of low-complexity submissions.
Intelligent Underwriting
Maximize instant issuance and mitigate risk with rule-based and AI-enabled underwriting. Newgen Marvin supports Gen-AI-based medical report analysis, and the 360-degree Underwriting Workbench unifies risk profiling and premium calculation. The workbench manages requirements and generates counteroffers with revised premiums or clauses, supported by wage information from GOSI when relevant for comprehensive risk evaluation.
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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