New Business and Underwriting Systems - Life / Annuity Insurance
Insurers are automating their new business and underwriting processes. They are either implementing reinsurance rules engines to automate the underwriting decision on applications, or they are going all in with case management and underwriter dashboards along with their own rules that were built in vendor-provided underwriting rules engine
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Insurers are looking for ways to improve the efficiency and cost of the new business and underwriting process
Turning to electronic applications, case management and underwriter dashboards
Are insurers using accelerated or automated underwriting?
Most insurers opt for small improvements, such as implementing an eApp for some products or implementing an automated underwriting system for only some lines of business in lieu of a an entire rebuild of their underwriting process
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The Expanding Use of Life Insurance Underwriting Tools and Technologies
What's planned and what's in use?
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The Expanding Use of Underwriting Data, Tools, and Technology
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