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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.
  • A multi-profile portal for insurance business enabling external users (agents, end clients) to access their insurance data, create new policies…
  • Penn River is a Native Cloud Life and Annuity software company. We offer two products. ProductHub is an industry first solution that provides as…
  • adesso insurance solutions GmbH houses the adesso Group’s own product portfolio for the insurance market and develops software and services for…
  • msg.Sales: Web-based multichannel and multi-line of business platform to support Quotation, Underwriting and New Business processes msg.Sales is…
  • It is end to end point of sales system from quotation to policy issuance covering all lines of life insurance business.
  • Velogica is SCOR’s automated underwriting platform and algorithm based on a patented process that utilizes electronic data in conjunction with a…
  • TCS BaNCS for Life & Pension caters to both traditional and unit-linked insurance products, offering a host of functionalities, along with a fle…
  • VPAS® platform is a comprehensive suite of policy administration software modules. VPAS® platform is specifically designed for rapid product int…
  • AdInsure is an insurance platform for Life and Non-Life insurance companies. AdInsure provides Insurers with means to modernize, unify and manag…
  • It takes insurance companies weeks, sometimes months, to underwrite a policy. Much of the information is collected through traditional faxes and…
  • CoverGo is the first fully configurable, modular, enterprise-grade, no-code insurance platform for omni-channel distribution, policy admin and c…
  • FINEOS is a leading provider of core systems for life, accident and health insurers globally with 7 of the 10 largest group life and health carr…
  • Comarch Life Insurance is a comprehensive system supporting individual and group life insurance. The system is perceived as a platform which can…
  • Provides a checklist that is processed automatically to guide underwriting specialist. Produces the same UW results under the same conditions. B…
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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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