Insurers need technologies to capture underwriting processes and automate decisions on "clean" cases, thereby freeing up underwriters for complex cases. Mastek's New Business & Underwriting solution provides insurers with a powerful tool for processing all new business transactions from electronic application to the issue of automated policy. The solution helps you reduce risk by improving underwriting decision quality and increasing underwriting efficiencies.
Benefits
- Effectively processes new business applications
- Facilitates manual data capture or through interface with a third party Portal
- Policy generation and dispatch monitoring
- Flexibility in integrating newer business rules easily and quickly in proposal processing
- Application entry and tracking mechanism
- Anti-money laundering procedure
- Document tracking feature