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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.
Brands using Newgen Platform
Success Stories
Find Your Winning Strategy with Newgen
Request a demo to explore our solutions for faster claims processing, policy management, and automated underwriting for general insurance journey automation.
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