Digital. Dynamic. Dependable.
Fast-track Intelligent Underwriting for Life and Annuity Insurance
Speed up policy issuance with an automated underwriting engine, minimize abandonment rate, and drive policy growth. Leverage built-in morbidity risk prediction model for a clearer, smarter underwriting process.
“Our Intelligent Underwriting Solution didn’t just improve our policy issuance time, it truly transformed how we serve our customers. By embracing this AI-first approach, we’re now able to deliver faster, more accurate decisions that our valuable customers can count on. What really moves me is seeing the genuine satisfaction it’s brought to our clients, all while helping us grow our new business by 20%. It’s more than just efficiency; it’s about building trust and creating real value for the people we truly care about.”
Vice President, Underwriting Operations, A Major US Life Insurer
Learn What Newgen’s Policy Issuance & Underwriting Solution Can Do for You
New Policy Submission & Product Recommendations
Enable omnichannel policy initiation through the portal, mobile devices, and email. Use smart built-in AI/ML capabilities to verify customers, understand their requirements, and suggest the right plans for them. Generate instant quotes with benefit illustrations and documents, while underwriters access wearables and IoT medical data for evaluation. Support configurable product and plan setup for seamless onboarding of new businesses
Intelligent Underwriting with Morbidity Risk Prediction Model
Use smart rules and AI-driven models to maximize policy issuance and mitigate risk. Ensure clean data and leverage NewgenONE Marvin’s GenAI engine to analyze medical reports, generate a morbidity risk score, and guide precise risk modeling. Speed up low- or no-risk cases with automated processing, and route complex cases to manual underwriting with full visibility
Integration Ecosystem and Automated Validation
Seamlessly integrate with core systems, third-party, and legacy applications, such as policy administration and CRM platforms. Integrate with TPA partners to streamline medical testing. Automatically update KYC details and document uploads. Enhance risk assessment accuracy via automated lifestyle profiling using wearable device data and facial analysis
Omnichannel Communications and Policy Kit Generation
Deliver personalized, need-specific communication on the policyholder’s preferred channel throughout the customer journey. Generate instant quotes and ready-to-share policy kits using customizable templates. Simplify dispatch and enhance engagement at every touchpoint
New Policy Submission & Product Recommendations
Enable omnichannel policy initiation through the portal, mobile devices, and email. Use smart built-in AI/ML capabilities to verify customers, understand their requirements, and suggest the right plans for them. Generate instant quotes with benefit illustrations and documents, while underwriters access wearables and IoT medical data for evaluation. Support configurable product and plan setup for seamless onboarding of new businesses
Intelligent Underwriting with Morbidity Risk Prediction Model
Use smart rules and AI-driven models to maximize policy issuance and mitigate risk. Ensure clean data and leverage NewgenONE Marvin’s GenAI engine to analyze medical reports, generate a morbidity risk score, and guide precise risk modeling. Speed up low- or no-risk cases with automated processing, and route complex cases to manual underwriting with full visibility
Integration Ecosystem and Automated Validation
Seamlessly integrate with core systems, third-party, and legacy applications, such as policy administration and CRM platforms. Integrate with TPA partners to streamline medical testing. Automatically update KYC details and document uploads. Enhance risk assessment accuracy via automated lifestyle profiling using wearable device data and facial analysis
Omnichannel Communications and Policy Kit Generation
Deliver personalized, need-specific communication on the policyholder’s preferred channel throughout the customer journey. Generate instant quotes and ready-to-share policy kits using customizable templates. Simplify dispatch and enhance engagement at every touchpoint
Brands using the NewgenONE Platform
Explore Newgen’s Other Life & Annuity Insurance Solutions
Success Stories
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See how Newgen’s low-code platform is transforming the insurance industry. Request a demo to explore our insurance-specific solutions.
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