New Business and Underwriting Systems - Life / Annuity Insurance

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Find new business and underwriting systems on our financial technology solutions research platform, use the directory to discover and find new vendors, and our guide to compare and evaluate fintech software, including reports and RFIs on functionality, available to insurance companies.
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·These systems will typically provide the following functionality:

  • Collecting data at the front end as structured data in an electronic application that has been adapted for distribution channel and products.
  • Triaging risk in new business and underwriting rules engines that identify underwriting requirements and level of human underwriting intervention.
  • Fulfilling the various back office functions needed for processing such as evidence ordering, tracking and routing, correspondence, etc.
  • Analysing the resulting data for actuarial, underwriting, pricing, and marketing purposes. This includes automating the underwriting without intervention by a live underwriter.
  • Status tracking and reporting. They may also include workflow.
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