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UNDERWRITING

In the business of policy underwriting, the phrase “time is money” couldn't be more relevant

Multiple steps and hand-offs of information in an underwriting process limit your visibility into the status of policy applications and prevent you from delivering real-time responses to inquiries from customers or producers.  In addition, long underwriting cycles prolong the period from application submittal to the receipt of cash, during which time your prospective policyholders remain open to competitive offers. Software AG has the solution:

Achieve business results faster with Software AG 
  • Shorten time to underwrite new policy applications.
  • Reduce operating costs.
  • Improve underwriting quality, control and profitability.
  • Increase overall win rate against the competition.
  • Offer timely information to manage the workload of underwriting staff and help make continuous Improvements in the underwriting processing.
  • Extend the value and capability of your mainframe applications by opening them to new environments, such as an on-line sales channel and agent self-service portals.      


Our Insurance Underwriting solutions utilize the Software AG Business Infrastructure Suite, enabling organizations to achieve business results – faster. Learn More.
 

Recommended Next Steps

Process Framework Podcast:
Increase Speed & Volume of Underwriting Policies Faster with the Insurance Underwriting Process Framework

Let Software AG help you shorten your underwriting cycle-time, reduce costs and capture more business. For more information, please contact us.
 

Recommended Resources

WP Underwriting

White Paper: Underwriting Process Framework

Getting underwriting right – a critical competitive differentiator

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Reference Story: American Community Mutual Insurance Co.

Reference Story: American Community Mutual Insurance Co.

Applications now approved in one day improving the bottom line

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Reference Story: American Fidelity Assurance

Reference Story: American Fidelity Assurance

Tremendous savings and improved customer service

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References

Koç Allianz

Koç Allianz Gains a Single View of the Cust omer Using a Single Point of Control – CentraSite™

More about Koç Allianz

Hibernian General Insurance of Ireland

Modernizing Legacy Applications Boosts Efficiency and Business

More about Hibernian General Insurance of Ireland

uniVersa Versicherungen

Implementing innovative insurance concepts quickly and reliably

More about uniVersa Versicherungen

Basler Securitas

Relaunch of extranet: Migration of applications under a great deal of time pressure

More about Basler Securitas