Overview
UnderwriteMe's Underwriting Engine is a SaaS solution that empowers development underwriters to design, test, and implement underwriting rules quickly and efficiently, integrating AI and automation to improve decision-making speed and accuracy while enhancing the customer experience.
Key Features
UnderwriteMe's Underwriting Engine offers:
- Low code/no code configurability: The system is designed to be highly configurable with minimal technical knowledge required from development underwriters.
- User experience focused: It provides a user-friendly, intuitive experience for underwriters.
- Control over rule sets: Users have full control over the rule sets and assets within the front-end journey.
- Non-IT deployment: The system allows for a deployment strategy that doesn't require IT involvement. Development underwriters can make and deploy changes independently at any time.
- Speed of implementation: While implementation time can vary, a typical deployment period is around three months if the insurer's team can move at the provider's pace.
- Configurability: Recognized independently as the most flexible and configurable system in the market, allowing users to adjust and fine-tune rules.
- Robust initial rule set: The system comes with a comprehensive initial rule set, providing users with a strong foundation to start from.
- Existing system integration capabilities: The system can integrate with existing claims administration systems and work bench software.
- Data partners integration: The system can integrate with third-party data sources (e.g., medical providers) and automatically request and structure their data to support key decision-making.
- AI text mining capabilities: The system is continuously being developed with AI capabilities such as text mining, including the analysis of medical reports.
Key Benefits
It empowers development underwriters to design, test, and implement underwriting rules quickly using a user-friendly drag-and-drop interface, eliminating the need for extensive IT support. The platform incorporates AI text mining tools to extract key data from unstructured sources, facilitating faster and more accurate decision-making. UE seamlessly integrates with third-party systems and automates manual processes, allowing underwriters to focus on technical tasks rather than administration. With features like a customer experience dashboard and workflow automation, the platform helps insurers deliver faster performance and better customer experiences, making it the market-leading decision platform for life underwriters
