Underwriting is a critical function for the most insurance organizations. Automated underwriting systems can help you simplify the underwriting process and improve the quality of risk assessment, among other things.
Policy Issuance & Rating Engine Application ensures the smooth conversion of quotations into proposals, thereby reducing turnaround times and eliminating insurance underwriting errors. The solution allows organizations to easily adapt to the changing marketplace, reduce costs, and enhance underwriters' productivity and efficiency!
Is it a time-consuming process of initiating new quotes and policies? Lack of visibility across the underwriting process? If yes, then now is the time to automate and scale up!
Learn more below on how you can automate your complex processes, and integrate with hard-coded legacy systems!
Our approach to IT and digitization has long been characterized by innovation and experimentation. Innovative solutions, such as our Policy Issuing & Rating Engine application, have been developed due to our unwavering efforts.
Our solution can change your underwriting cycle by using our in-depth understanding of Appian to streamline the process and save your company a significant amount of time and money.
It is well established that Tech Tammina uses its expertise with Appian to provide companies with cutting-edge automated solutions. As a time and money-saving measure, our Policy Issuance & Rating application uses the ability of successful integration with old systems to build an omnichannel strategy. It simplifies the underwriting assessment process and enables businesses to issue quotes, binders, and policies easily and rapidly.
An omnichannel strategy is evolving because it is no longer just a guide for large corporations and multibillion-dollar companies to follow. Customers share that they anticipate a hassle-free experience when buying insurance, even from smaller businesses, all over the globe Insurance Carriers and Agencies today must excel in order to stay competitive; having a website and providing average customer service is no longer sufficient.
By streamlining your underwriting procedures and lightening the workload on human workers, robotic process automation (RPA) is revolutionizing the way insurance companies run. By utilizing a scalable, digital workforce, Appian RPA interacts with old business systems and applications to boost output.
The low-code features of Appian make an effect by facilitating quicker application development, simple deployment with attractive user interfaces, and seamless data interaction. With the help of such technology, we developed a continuous and scalable policy issuance and rating engine workflow for the approval matrix within your underwriting department for comprehensive and effective end-to-end workflow management.
Using Web APIs and bots, the application seamlessly interacts with your systems. Starting with a review of the case and categorization of the policy based on risk factors to raising a request for Broker of Records. You can alter and develop in accordance with your changing requirements!
We are observant of your particular needs and go above and beyond to provide you with the cost-effective benefit of an efficient policy issuance process and a short turnaround time. With the help of our years of experience and knowledge, we have been able to design hassle-free automation that gives you the convenience of instant policy issuance with zero underwriting errors, improved collaboration between intermediaries, junior, and senior underwriters through a customizable dashboard, and seamless integration with external/legacy systems.
Our Policy Issuance & Rating Engine application from Tech Tammina advances automation by minimizing tedious work and boosting your annual savings. Contact us to learn more!