Insurance Underwriting Software: Policy Issuance

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 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

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