STEP New Business & Underwriting Solution

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STEP Solutions delivers state-of-the-art new business solutions. Our software as a service (SaaS) can transform your life, accident and health insurance business by controlling expenses, accelerating revenue growth, managing risk and creating flexibility in your workflow that eliminates inefficient workaround

Key Features

STEP Platform capability overview includes -

  • E-App and NBF
    • Direct to Consumer, Agent Assisted, and Paper Applications
    • Native E-App
    • Integrated Reflexive Questions and Templates
    • ACORD Integration with 3rd Party Providers
    • Application Intake
    • Configurable Forms Builder
  • Case Management
    • Automated Workflow
    • Assignment Multi Role Access
    • IGO NIGO Checks and Follow-up
    • Underwriting Status and Guidance
    • Suitability
    • Integration with external Underwriting & Reinsurance Solutions
    • Auto-Request of evidence / data Configurable reporting and analytics
  • Underwriting and Suitability
    • Simplified or Fully Underwritten Products
    • Suitability
    • Automated Decisioning and Rate Recommendations
    • Configure and Reuse Rules and Guidelines
    • Multi Tiered Decisioning and Weightage
    • Creation of Risk Groups for rapid configuration
    • Decision analysis console for historic review Reinsurer Independent
    • Portals

AGent and Policy Owners Portals


Key Benefits

STEP quotes and recommends products based on the customer’s lifestyle, financial state, and unique requirements, using digital portals and intuitive workbenches that drive business outcomes through a personalized experience. Integrated intelligent workflow supports full or partial automation of underwriting cases, which reduces cost and time-to-decision, and greatly speeds up policy issuance and assures consistent rating. The platform, which supports cloud-native microservices for flexible deployment options, is also fully integrated with ACORD Industry standards, external origination systems, as well as data and evidence providers such as MIB (Medical Information Bureau), MVR (Motor Vehicle Report), Rx (Prescription) and Credit Agencies in compliance with all the relevant state laws and other regulatory bodies in North America. Once deployed, the platform shortens the time to process a case from days, to a few hours.