Policy Issuance and Underwriting

Issue policies instantly and accurately using an auto-underwriting rules engine.

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 Policy Issuance and Insurance Underwriting Software - Policy Issuance and Underwriting

Policy Issuance and Insurance Underwriting Software


Automate the end-to-end policy issuance process and expedite proposal processing by issuing policies instantaneously with zero insurance underwriting errors. Ensure a smooth conversion of quotations into proposals for reduced turnaround times, a superior customer experience, and a shorter prospect to customer lifecycle. Meet regulatory requirements and adapt to dynamic business needs with our configurable platform.

 -  - Policy Issuance and Underwriting
Policy Issuance and Underwriting

Policy Elements and Underwriting Analysis

  • Configurable user interface to define data elements per specific requirements
  • Sophisticated dashboards for in-depth data analysis and report generation

Policy Underwriting Evaluation

  • Automatic policy evaluation to maximize the percentage of straight-through pass cases
  • Evaluation of non-straight-through pass cases in detail based on complexity

Underwriting Checks and Validations

  • Verification and validations, including duplicity checks, anti-money laundering, fraud and blacklisting, etc.
  • 360-degree visibility to reduce risk
Policy Issuance and Underwriting

Rules-based Underwriting

  • Auto-allocation rules to eliminate manual intervention for simple proposals, calculate risk scores, and make faster, more informed decisions
  • Dynamic rules to facilitate the straight-through processing of low complexity submissions and automate key underwriting tasks
  • Abstract underwriting rules and complex logic configured into the platform
  • Flexibility to change rules according to dynamic requirements and future needs

Policy Information Accessibility

  • Access to comprehensive policy details to ensure informed decision making
  • Request capabilities for additional documents and information, based on medical or non-medical parameters

Integration and Personalization Capabilities

  • Seamless integration with third-party and legacy applications, including policy administration, CRM, and other systems
  • Omnichannel, personalized engagement across all channels, including web, mobile, chat, social media, bots, and in-person

Solutions for Insurance Firms

Policy Issuance and...

Issue policies instantly and accurately using an...

Policy Administration and...

Improve customer experience and retention by streamlining...

Claims Processing

Streamline the claims lifecycle for fast, accurate, and...

Success Stories

Policy generation in under 5 seconds - Policy Issuance and Underwriting
Policy generation in under 5 seconds
A leading insurance company implements a communication management system to streamline their policy generation process.
7 billion documents digitized and stored - Policy Issuance and Underwriting
7 billion documents digitized and stored
A leading South Asian life insurance company digitizes 7 billion documents using Newgen's document management system.
Improved efficiency and productivity - Policy Issuance and Underwriting
Improved efficiency and productivity
A Bahamas-based insurance company automates their processes to increase efficiency and employee productivity.

Learn More

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The Philippines-based leading insurance companies were looking to automate their health insurance processes. They wanted ...