Digital. Dynamic. Dependable.
Intelligent Underwriting for Property & Casualty Insurance
Empower your team with an automated process for faster and more accurate underwriting decisions
“With Newgen’s Underwriting Solution for P&C insurance, we have reduced policy issuance time by 40% and seen a massive improvement in accuracy with AI-driven risk analysis. Seamless integration of data from multiple sources has helped us offer personalized and competitive policies to our customers, leading to a higher retention rate.”
Senior VP, P&C Insurance Company
Learn What Newgen’s P&C Underwriting Solution Can Do For You
AI-driven Risk Analysis
Conduct multiple checks, such as duplication and sanctions, to verify the customer’s information. Leverage AI/ML models to perform underwriting appetite checks and suggest risk scores based on exposures and hazard data. Enhance security using advanced analytics and AI capabilities, tailored to the unique patterns and behaviors associated with fraudulent submissions.
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. Track 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, managing general agents, and brokers, in real time. Facilitate communication with intermediaries and proposers for effective requirement management.
AI-driven Risk Analysis
Conduct multiple checks, such as duplication and sanctions, to verify the customer’s information. Leverage AI/ML models to perform underwriting appetite checks and suggest risk scores based on exposures and hazard data. Enhance security using advanced analytics and AI capabilities, tailored to the unique patterns and behaviors associated with fraudulent submissions.
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. Track 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, managing general agents, and brokers, in real time. Facilitate communication with intermediaries and proposers for effective requirement management.
Explore Newgen’s other P&C Insurance Solutions
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Success Stories
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Frequently Asked Questions
Newgen streamlines every step of the with NewgenONE, a purpose-built, AI-first low-code platform. From intelligent case intake and risk scoring to real-time decision support, Newgen simplifies complex underwriting workflows, to create a process that is designed for scale, transparency and human + AI collaboration.
Newgen’s AI-first Underwriting Solution enables end-to-end Agentic Journey Automation through the following:
- Seamless Processing through an Intelligent Underwriting Workbench
- Decision Intelligence with Conversational & Explainable AI
- Faster Risk Assessment and Mitigation with GenAI
- Intelligent Case Adjudication with Human-in-the-loop Decision Support
- Seamless Integration with Core Insurance Systems
Instead of a typical underwriting scenario where an agent sifts through lengthy applications, scattered documents, and ambiguous reports, Newgen’s Agentic Underwriting Workspace acts as an intelligent assistant.
It automatically summarizes key elements of the application, including documents, declarations and third-party inputs, to present only the most relevant information to the underwriter, allowing them to focus purely on nuanced, high-stakes judgment.
It facilitates the same through the following:
- Omnichannel intake (Web, Mobile, Email) and dynamic approval matrix
- Rule-based STP and intelligent routing for complex cases
- End-to-end submission management with unified quote, premium, and proposal generation
- Seamless integration with rating engines, core systems, and document workflows
Newgen’s AI-first Solutions for Underwriters leverage AI-first Risk Intelligence & Insights through the following:
- Predictive analytics for claim probability, mortality risk, and fraud detection with Early Claim Prediction AI Agent
- GenAI-led rule-based exception reasoning to isolate and explain critical underwriting failures
- AI-led ingestion, classification, and extraction of structured/unstructured data
- Integrated third-party and environmental data for holistic risk assessment
Newgen’s AI-first Solutions for Underwriters Optimizes Pricing & Specialized Journeys through the following:-
- AI-assisted premium calculation with dynamic, market-aligned pricing models
- Quote acceptance prediction and geospatial risk-adjusted pricing
- Intelligent case summarization across documents, declarations, and third-party inputs to surface only contextually relevant insights for underwriters
- Coordination across underwriting, sales, and brokers for faster conversions
