Underwriting

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UNDERWRITING

Underwriting

Multiple steps and hand-offs of information in an underwriting process limits your visibility of the status of new business. And it prevents you from delivering real-time responses to inquiries from customers or producers.

On top of this, 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.

With Software AG’s help, you can solve these problems. Software AG’s solutions automate business processes to provide immediate access to accurate information and virtually eliminate paper use. By implementing Software AG’s best practices to automate and optimize underwriting processes in an SOA, our insurance customers have reduced underwriting cycle time by 50%.

YOUR BENEFITS

Shortened time to underwrite new policy applications
Reduced operating costs
Improved underwriting quality, control and profitability

Recommended Next Steps

Let Software AG help you shorten your underwriting cycle-time, reduce costs and capture more business. For more information, contact: insurance@softwareag.com.

Recommended Resources

Webcast: Underwriting Optimization
Gaining Insight into your Business by Leveraging Existing Systems with BPM and SOA.
View the webcast!

Reference Story: American Community Mutual Insurance Co.
Applications now approved in one day improving the bottom line.
Read the full reference story...