Insurance Underwriting

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

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 Insurance Underwriting Software - Policy Issuance and Underwriting

Insurance Underwriting Software

Eliminate manual intervention and ensure zero underwriting errors with the auto underwriting rule engine. Meet regulatory requirements and adapt to dynamic business needs with our configurable solution. Automate end-to-end policy issuance process, deliver superior user experience, and ensure a shorter prospect to customer lifecycle.

 -  - 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

Underwriting Checks and Validations

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

Core Underwriting Engine

  • Dynamic rules to facilitate straight-through processing of low complexity submissions and automate key underwriting tasks
  • Abstract underwriting rules and complex logic are configured into the system
  • Flexibility to change rules according to dynamic business requirements
Policy Issuance and Underwriting

Underwriting Evaluation

  • Automatic policy evaluation to maximize the percentage of straight-through pass cases for quick policy issuance
  • Auto-classification of non-straight-through cases and routing of cases to underwriters based on the authority limit

Additional Information Capture

  • Access to comprehensive case 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, such as policy administration, CRM, etc.
  • Omnichannel, personalized engagement across all channels, including mobile, web, in-person, chatbox, social, and bots

Solutions for Insurance Firms

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Success Stories

Accelerated digital
transformation of Processes

Watch how Venerable leveraged Newgen’s platform to accelerate digital transformation for enterprise-wide processes.

Digital Health
in the Pandemic World

Hear Alok Rungta, Head of Health and Protection, AXA Insurance, as he speaks on the post-pandemic customer behavior

Faster speed-to-market
with Newgen

Learn how Tokio Marine HCC modernized their policy generation process with Newgen.

Learn More

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