Modernize underwriting for commercial property and casualty (P&C) insurers, improve risk assessment, and accelerate policy issuance. Leverage Newgen’s AI-driven Underwriting solution for commercial P&C insurers to streamline the underwriting process. Automate critical tasks and integrate advanced technologies for detailed risk analysis. Enhance the efficiency, accuracy, and speed of underwriting activities, ultimately delivering superior value to insurers and their clients.
Features of Newgen’s Underwriting Solution for Commercial (P&C) Insurance
AI-driven Risk Analysis
Conduct multiple checks, such as deduplication and sanctions checks, to verify the proposer’s information. Leverage AI to perform underwriting appetite checks and risk analysis. Provide underwriting appetite scores and suggest risk scores based on exposures and hazard data, using AI/ML models.
Virtual Risk Inspection for COPE Evaluation
Facilitate COPE (Construction, Occupancy, Protection, and Exposure) evaluation through virtual inspections, reducing the need for on-site visits and expediting the risk assessment process. Conduct inspections via mobile apps to further enhance efficiency.
Advanced Integration Capabilities
Integrate seamlessly with geocoding and locational intelligence to provide comprehensive data for detailed risk location insights. Geocode risk locations to understand peril exposures at a particular location and potential NATCAT losses.
Enhanced Collaboration and Communication
Collaborate with ecosystem partners, including risk engineers, MGAs, and brokers, in real time. Facilitate communication with intermediaries and proposers for effective requirement management.
Fraud Detection
Leverage advanced analytics and AI capabilities tailored to the unique patterns and behaviors associated with fraudulent submissions.
Horizontal Platforms for Insurance Providers
Brands using Newgen Platform
![AXA AXA](https://newgensoft.com/wp-content/uploads/2023/08/AXA.jpg)
![tokio-2 tokio](https://newgensoft.com/wp-content/uploads/2023/08/tokio-2.png)
![Venerable Venerable](https://newgensoft.com/wp-content/uploads/2023/08/2-1.png)
![MAX MAX](https://newgensoft.com/wp-content/uploads/2023/08/MAX.webp)
![Bajaj Bajaj](https://newgensoft.com/wp-content/uploads/2023/08/Bajaj.webp)
Brands using Newgen Platform
![AXA AXA](https://newgensoft.com/wp-content/uploads/2023/08/AXA.jpg)
![tokio-2 tokio](https://newgensoft.com/wp-content/uploads/2023/08/tokio-2.png)
![Venerable Venerable](https://newgensoft.com/wp-content/uploads/2023/08/2-1.png)