Our technology empowers life insurance companies to modernise their operations, enhance efficiency, and elevate the quality of underwriting decisions.
Harnesses a wealth of diverse internal and external data sources to drive informed, consistent underwriting decisions.
By streamlining processes and enabling hyper-personalisation, Smart Underwriting reduces customer churn and policy lapses, enhancing overall satisfaction.
Implementing Smart Underwriting has been shown to boost revenue, thanks to more accurate pricing, and efficient processing.
Achieves up to 80% cost reduction per decision and eliminates human error, leading to faster, more accurate underwriting and overall operational efficiency.
The below flow diagram provides a visual representation of the Smart Underwriting process, showcasing its dual impact of enhancing process speed and reducing costs tied to the collection of individual patient-centred data. This innovative, AI-driven system harnesses real-time insights from expert underwriters within the business, seamlessly incorporating them into both new insurance applications and existing policies.
Real-time underwriting decisions
Multi-source data processing for rapid decision-making
Secure, stable data integration
Regulatory compliance
Real-time expert insights for informed decisions
Open APIs for data sharing and health score integration
Effortless integration with existing underwriting systems
Up to 80% cost reduction per decision
Faster, more accurate underwriting
Eliminates human error for consistency
Reduces risk with data-driven insights
Proactive policy testing and validation
Enhanced customer experience
Ethical, risk-aware decision-making
The intelligent automation of the insurance underwriting process: