Traditionally, life and health insurance underwriting has been a labor-intensive, complex task, requiring many hours of manual analysis to process cases and make informed decisions. Today, this process is becoming more automated and simplified, empowering underwriters to be more efficient in handling multiple cases while giving the required attention to complex and fully underwritten cases.
Sapiens UnderwritingPro for life and health insurance is a software solution for automated underwriting and new business case management that is part of Sapiens CoreSuite for Life & Annuities. It speeds new business processes for insurance carriers and their channels, offering an intuitive user interface with critical updates and task assignments provided on a real-time dashboard. Digital technology streamlines underwriting processes, making them fluidless and frictionless.
Integration with MIBs, MVRs, Rx data and evaluation services, lab data, inspections reports, attending physician statements, reinsurance, imaging systems and much more, increases processing efficiency. Reporting tools provide real-time or scheduled access to critical case information.
This accelerated underwriting system is highly configurable and can be customized to fit the organization’s unique underwriting guidelines and business processes. It enables the organization to deploy new rules immediately and quickly roll out new products, without requiring expensive programming changes.
