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60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |    

“Implementing Newgen’s Life & Annuity Solution has enabled us to reduce policy issuance time and boost our portfolio. We were able to optimize 100+ request types and workflows to 15 simplified workflows and convert 4 legacy systems into a consolidated AI-based repository.”

Chief Operations Officer, Leading US Life & Annuity Insurance Company

Learn what Newgen Insurance Solutions can do for you

Policy Issuance & Underwriting

Reduce complexity and administrative burden by segmenting underwriting requirements and driving straight-through processing.

Intelligent Claims Management

Improve claims efficiency through comprehensive content insight across intake, verification, investigation, payment and service.

Policy Booking & Binding

Automate the binding process to effectively manage complex policies and clause updates with template libraries and rules definitions.

Digital Distribution

Drive agent success with digital onboarding, accurate performance insights, and dynamic compensation

Key Benefits

  • Increase in claims settlement though risk prediction and omnichannel verification
  • Improvement in successful fraud detection using enterprise-grade AI-powered fraud detection tools
  • Reduction in policy issuance TAT from days to hours with a ready-to-use template library and automated validation
  • Configurable customer engagement platform leads to increase in conversions of Abandoned Quotations to Proposals
  • Enhancement in agent performance with real-time monitoring and agile compensation structure
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Brands using Newgen Platform
Venerable
Max Life insurance

Find Your Winning Strategy with Newgen

See how Newgen’s low-code platform is transforming the insurance industry. Request a demo to explore our insurance-specific solutions.

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