AccelWritR

Revolutionize Policy Issuance with Preliminary Automated Underwriting Right at Point-of-Sale. Configure underwriting rules for faster policy issuance, with rule evaluations even in offline mode, minimizing manual intervention throughout the process.

The Future of Underwriting

Over 0% Potential Time and Efficiency Gain Underwriters are currently spending 40% of their time on non-core activities, representing an efficiency loss of $85-$160 billion over the next 5 years.

Up to 0% Straight-Through Processing Instant recommendations at the point-of-sale that can underwrite up to 80% of new customer applications offline, driving an over 2x increase in underwriters’ productivity.

Over 0% Accuracy Automated underwriting achieves over 95% accuracy, surpassing manual underwriting’s 90%, leading to fewer errors and more reliable risk assessments for insurers.

AccelWritR

AccelWritR is a lightweight, front-end rule engine that operates offline, providing instant recommendations at the point-of-sale. With its rule configurator, insurers can easily customize underwriting rules for effortless integration into existing systems, streamlining the decision-making process.

Intelligent Underwriting, Redefined

Customizable Underwriting Rules Configure underwriting rules based on product, geography, customer profile, or medical/lifestyle questionnaires, delivering accurate risk assessments.

Offline Functionality Rule Evaluation Engine works offline, allowing users to view underwriting decisions even in environments with limited or no connectivity.

Seamless Integrations Integrates effortlessly with existing sales solutions, point-of-sale systems, and back-end platforms for streamlined operations.

Back-End Deployment Can also be deployed as a back-end automated underwriting solution, enhancing operational efficiency across insurance ecosystems.

Versatile Case Handling Supports five underwriting scenarios: Auto Decline, Not Applicable for Straight-Through Processing, Straight-Through Processing, Standard Acceptance, and Final Underwriting for comprehensive risk assessment.

Secure Data Processing Ensures high-level security during underwriting processes, safeguarding sensitive customer and business data across all systems.

Why AccelWritR is right for you

Enhanced Risk Accuracy Improved risk assessments, reducing human errors and ensuring more precise decision-making.

Compliance Assurance Automated compliance checks ensure underwriting decisions adhere to internal policies and regulatory requirements, eliminating manual oversight.

Reduced Operational Costs Reduced manual labor and IT infrastructure expenses cuts underwriting costs by 10-25%, the investment typically pays off within 12 months.

Increased Revenue By increasing underwriting capacity and accuracy, AccelWritR can boost revenue by 10-15%, contributing to overall profitability.

Get the Best Out Of Your Sales Force

Faster Application Processing AccelWritR offers application processing in less than 4 minutes (compared to days or even weeks in case of a manual flow), which helps issue policies up to 95% quicker.

Real-Time Requirement Checklist Agents receive an instant checklist of underwriting requirements, allowing quick submission of documents and reducing delays in policy approval.

Improved Pricing Accuracy Sales teams can offer more competitive and personalized quotes, enhancing customer trust and boosting policy sales.

Better Customer Experience With quicker approvals and fair pricing, customers enjoy smoother interactions, improving loyalty and increasing chances of policy renewals.

The Future of Underwriting

Intelligent Underwriting, Redefined

Why AccelWritR is right for you

Get the Best Out Of Your Sales Force

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