Core Underwriting Engine
The core underwriting engine is an intelligent, rule-based component of the underwriting solution. This component ensures automatic classification of proposal, rating calculations, risk scoring & auto triggering of requirements. The engine has in-built rules covering different underwriting parameters including administrative rules, financial rules, medical rules, non-medical rules, insurable interest rules, forensic rules, gender based rules, age rule, loading & discounts calculations, risk score calculation and so on.
Assignment of Underwriting Levels
Our automated underwriting solution aims to maximize the percentage of Straight Through Pass Cases for quick policy issuance.
Documentation & Case Referrals
Our solution assists underwriters by providing comprehensive case details for analysis to make informed decisions. Underwriters can raise request for additional documents and information on medical as well as non-medical parameters for a case. Underwriters can also refer the case to various referral teams like assessor, fraud control unit, legal, etc as per the needs of a case.
Abstract underwriting rules or complex logic are configurable. This gives the flexibility to change rules as per the requirement and future demands/evolutions with ease. Policies and decisions are automated and put into the hands of business teams to maintain as per the business needs.
Our solution has a built-in rating sheet for the underwriters to refer to during evaluation and rating of proposals.