Underwriting

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UNDERWRITING

In the business of policy underwriting, the phrase “time is money” couldn't be more relevant

Multiple steps and hand-offs of information in an underwriting process limit your visibility into the status of policy applications and prevent you from delivering real-time responses to inquiries from customers or producers. In addition, 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. Software AG has the solution:

Achieve business results faster with Software AG

Shorten time to underwrite new policy applications.
Reduce operating costs.
Improve underwriting quality, control and profitability.
Increase overall win rate against the competition.
Reduce the overall underwriting cycle time by optimizing system-to-system integration and facilitating human-to-human interactions using our industry leading webMethods Business Process Management Suite (BPMS).
Offer timely information to manage the workload of underwriting staff and help make continuous Improvements in the underwriting processing.
Extend the value and capability of your mainframe applications by opening them to new environments, such as an on-line sales channel.

Our Insurance Underwriting solutions utilize the Software AG Business Infrastructure Suite, enabling organizations to achieve business results – faster. Learn More.

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...