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Empower underwriters with intuitive, analytics-driven insights
Rapid technological changes are driving the need for digitization in insurance. Businesses need to optimize their underwriting processes to support an aging workforce, and resolve complex manual processes, multiple systems of record, and siloed automation efforts. Additionally, the proliferation of third-party services is compelling insurers to explore newer business models and innovate at scale.
Virtusa’s Underwriter Workbench solution capitalizes on advanced technologies such as AI and analytics to improve straight through processing, and reduce time to market for new products. Our solution comprises a robust, configurable repository of rules that extends across the policy life cycle, supporting multiple lines of business with ACORD-compliant data.
The configurable rules repository helps underwriters upload/download application data, get analytics-based decisions and designed workflows, add/change/delete products, LOBs, and geographies, collaboratively manage cases, and utilize straight through processing models.
The key benefits include:
We innovate with leading technology enablers to achieve better business outcomes.
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