“The Intelligent Underwriting Solution improved policy issuance time and increased first-pass approvals. The AI-based solution enabled us to deliver faster, more accurate decisions while enhancing customer satisfaction and driving a 20% growth in new business.”
VP of Underwriting Operations, Leading US Life Insurer
Learn What Newgen’s Policy Issuance & Underwriting Solution Can Do For You
New Policy Submission & Product Recommendations
Enable omnichannel policy initiation and proposal generation through the portal, mobile, and email. Leverage AI/ML engines to analyze customer data and create detailed profiles, capturing unique preferences and risk factors. Initiate new business requests through the portal by capturing need analysis, offering customer-specific product recommendations, and generating an instant quote.
Integration Ecosystem and Automated Validation
Seamlessly integrate with core systems, third-party, and legacy applications, such as policy administration, CRM, etc. Support integration with TPAs for conducting medical tests. Enable automatic update of KYC details and upload of documents. Allow automated lifestyle profiling through the integration of wearable devices and facial analysis to enhance assessment accuracy.
Omnichannel Communications and Policy Kit Generation
Enable personalized, need-specific communication on the policyholder’s preferred channel throughout the customer journey. Achieve instant quotations and policy generation with a configurable template library.
Intelligent Underwriting
Maximize issuance and mitigate risk with rules-based underwriting. Support GenAI-based medical report analysis with NewgenONE Marvin. Get a 360-degree underwriting workbench that unifies risk profiling and premium calculation, handles requirements management, and generates counteroffers with revised premiums or clauses.
Brands Using the NewgenONE Platform
Explore Newgen’s Other Life Insurance Solutions
Success Stories
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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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