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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     |    

“Newgen’s solutions for life and annuity insurance helped us reduce the policy issuance time and boost our entire portfolio. We optimized 100+ request types and workflows to 15 simplified workflows and clubbed four legacy systems into a consolidated AI-based repository.”

Chief Operations Officer, Leading US Life & Annuity Insurance Company

Learn What Newgen’s Life & Annuity Insurance Solutions Can Do For You

Policy Issuance & Underwriting

Accelerate policy issuance with an automated underwriting engine, minimize abandonment rate, and boost policy growth

Intelligent Claims Management

Ensure efficient and hassle-free settlements for life insurance policyholders with automated adjudication

Policy Booking & Binding

Streamline policy and clause lifecycle management with customizable templates and rules-based definitions for efficient updates

Digital Distribution

Drive agent success with digital onboarding, accurate performance insights, and dynamic compensation
Customers
Prebuilt Connectors & API
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Key Benefits

  • Optimized claim settlement ratio through risk prediction and omnichannel verification
  • Improved security using enterprise-grade AI-powered fraud detection tools
  • Faster policy issuance with a ready-to-use template library and auto-validation feature
  • Customizable customer engagement platform for higher conversion of quotation to proposal
  • Enhanced agent performance with real-time monitoring and agile compensation structure
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Explore Newgen’s other Insurance Solutions

Property and Casualty Insurance

Manage risks with accuracy by dynamically adjusting prices and coverage based on real-time data.

Specialty Insurance

Enhance assessment with automated risk scoring and document processing and personalize policy offerings to boost retention

Digital Distribution

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

Service Request Management

Elevate customer experience with AI-led servicing and proactive request resolution.

Insurance WorkDesk

Leverage a holistic platform for managing insurance journeys, from onboarding to claims management.

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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