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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 by 50%, boosting our portfolio. The system’s scalability has been crucial, and the overall customer satisfaction has increased by 30%.”

Chief Operations Officer, Leading Life & Annuity Insurance Company

Learn What Newgen’s Life & Annuity 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
Customers
Prebuilt Connectors & API
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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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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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