Overview
UWDataHub is an advanced underwriting workbench developed by Empowered Margins, designed to streamline and optimize the underwriting process in GroupHealth Insurance Carriers, MGUs, MEWAs, Pooled Risk, Captives, and Self Insured Groups. It offers a suite of tools and features aimed at automating data collection, validating data against predefined business rules, and providing tailored plan recommendations. The primary goal of UWDataHub is to improve productivity, efficiency, and decision-making for underwriters by reducing manual tasks and leveraging technology for better risk assessment and pricing accuracy.
Key Features
- AI-Powered SmartExtractorTM
Efficiently captures and structures data, reducing manual errors.
- Enhanced Workflow Reporting Tools
Detailed insights for better risk management.
- Predictive Rate Calculation
Accurate, competitive pricing with actuarial algorithms.
- Document Management
Securely handle, store, and retrieve documents.
- SmartMatchTM Plan compare
Customized Plan Recommendations tailored solutions to meet customer needs.
- SmartRulesTM Engine
Consistent and streamlined decision-making processes.
- Flexible Underwriting Methodologies
Support for IHQ, Census-only, or Illustrative rates.
- Manual Adjudication and Automated Processing
Flexibility in handling risk scores.
- Real-Time Collaboration Tools
Enhance teamwork and communication.
- Knowledge Management
Capture Underwriting knowledge with the inbuilt rule book.
Key Benefits
- Efficiency: Automates data collection and routine tasks, reducing manual workload.
- Accuracy: Ensures consistent and accurate data, improving underwriting decisions.
- Decision-Making: Provides advanced analytics and AI-powered risk scoring for better decisions.
- Collaboration: Centralized dashboard and chat function enhance team coordination.
- Customization: Offers tailored insurance plan recommendations and flexible workflows.
- Profitability: Streamlines processes to improve productivity and profitability.
- Competitive Edge: Leverages advanced technology to provide a significant advantage.
- Compliance: Ensures regulatory adherence and maintains detailed audit trails.