Underwriting is a troublesome process and requires attention to minute details in order to get the tasks completed as per the compliance needs. Insurance companies need to do multiple operations to get the work completed in the given time constraint. Hence, doing the work manually may affect the output.
Advantages of using an automated underwriting process
An automated insurance
underwriting software system may help the insurance
companies in many ways:
ü
It offers better tracking at any
moment.
ü
It improves the workflow.
ü
Underwriting software allows the
use of underwriting resources more effectively.
ü
It improves consistent decisions.
ü
It refines product development.
ü
Underwriting systems can reduce
the paper process.
ü
It also offers better mortality
results.
Experience a remarkable growth
in insurance sales and get the tasks completed before time with Amity INSURE-
a general insurance management software offered by Amity Software. Our general insurance underwriting
system enables the companies to access multiple advantages
like:
ü
Fully configurable premium rates
and benefits for all products.
ü
Auto underwriting engine.
ü
Automatic conversion of
quotation to policy.
ü
Policy endorsements and issuance
of policy documents.
ü
Co-insurance and
re-insurance.
Amity INSURE stands up to the expectation and the evolving needs of the insurance companies. Request a demo at https://www.amitysoftware.com/insurance/general-insurance-software/.
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