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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.
  • 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 and agent self-service portals.      


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, please contact us.

Recommended Resources

Fact Sheet: Insurance Underwriting Brief

Fact Sheet: HOW TO OPTIMIZE YOUR UNDERWRITING PROCESS

Get over underwriting hassles with Software AG

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WP Underwriting

White Paper: Underwriting Process Framework

Getting underwriting right – a critical competitive differentiator

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Reference Story: American Community Mutual Insurance Co.

Reference Story: American Community Mutual Insurance Co.

Applications now approved in one day improving the bottom line

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Reference Story: American Fidelity Assurance

Reference Story: American Fidelity Assurance

Tremendous savings and improved customer service

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References

UNIQA Group

webMethods BPMS speeds processing of 7,500 pieces of mail – from days to hours

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HISCOX

HISCOX Improves Customer Experience — Fast and Cost Effectively — Using webMethods

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Ping An Insurance Group

Ping An Diversifies and Expands—Faster—Using a Service-Oriented Architecture

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Credit Guarantee

Credit Guarantee´s unique strength lies in the ability to secure a vast store of information and market intelligence from a network of contacts and to interpret data to support the business of its clients - in both local and international markets.

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