According to Accenture, underwriting employees at insurance companies spend 50% of their time doing repetitive tasks, such as data entry. By automating underwriting this not only helps to free up employee time for more efficient tasks but there is also a huge reduction in paper process.
Nowadays, customers expect to get the best rate within minutes of providing their personal details, no matter which insurance protection they’re after. Typically with life insurance this can be a 3 month process, so with the smart technology behind our insurtech platform this helps reduce the time considerably to meet your customers expectations and keep them satisfied.
We’re proud to say that here at Intellimin, automated underwriting is not an add-on, it is an integral part of the system, enabling policies to be issued and policy changes to be made in real-time with full underwriting applied. Our state of the art graphical interface enables underwriters and reinsurers to view the rules and outcomes in an easily understandable format.
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