An insurance underwriting software is a solution that is designed to accelerate new business growth and profitability by automating the work required to intake RFPs and generate quotes.
Define benefits and set rules for product availability
FINEOS Underwrite makes it easy to define benefits and establish rules to ensure compliance and quote accuracy. Included is a code-free, user-configurable rules engine to support unique permissions, workflows and authority levels
Seamless transition from RFP intake to decision
FINEOS Underwrite is built on a unified platform that uses a quoting engine which has all required information for quoting stored in one place. Information is available and accessible in real time to generate quotes quickly. Most interactions between sales and underwriting are automated.
Decline to Quote functionality
FINEOS Underwrite helps to reduce risk and drive profitability by preventing proposals and quotes from being accepted that do not meet underwriting standards. It helps to ensure underwriting decisions are consistently enforced.
“Soft Stop” alerts
FINEOS Underwrite contains a “Soft Stop” feature to alert sales executives and brokers that additional information or underwriting approval will be needed before a binding quote can be generated. This makes it possible to provide provisional quotes until the required information is available.
Automation to improve underwriter productivity
FINEOS Underwrite includes the ability to save frequently used documents for future use. It also includes the ability to easily upload documents, and it automates missing information requests.
Cloud-based, self-service solutions for brokers
FINEOS Underwrite is designed to help sales executives and brokers close sales faster by providing self-service capabilities that are available 24×7 through the cloud. Its modular design includes easily configurable interfaces to legacy systems, third-party core systems and other ecosystem partners to reduce duplicate data entry and retrieve rates faster.
Drive revenue growth with group insurance quoting software that delivers faster, more accurate quotes with fewer underwriting rejections. Supporting multiple products on a single proposal and flexible quoting with or without census data, it streamlines workflows and enhances collaboration between sales and underwriting. By clarifying approval requirements upfront, it improves quote-to-bind ratios and reduces follow-ups, helping brokers win and retain more business.
Enhance productivity with FINEOS Underwrite, an underwriting dashboard that streamlines communication between sales and underwriting through integrated messaging, notes, and assumptions linked to proposals and quotes. It accelerates decision-making by automating information requests, enabling quick plan setup, retrieving rates, and generating real-time quotes. Frequent plans and quotes are easy to find, and modifications to proposals are simple, saving time and improving efficiency.
Respond faster with FINEOS Underwrite a cloud-based, unified platform that leverages configurable connections and APIs to seamlessly integrate with third-party insurance core systems and other digital ecosystem components. This enables efficient data exchange, fosters new product development, and helps businesses stay ahead of market needs by taking advantage of new technologies.
Simplified Outputs from FINEOS Underwrite makes it easier to answer client questions and close sales. Quote data can also provide valuable insights for product & market strategy, sales effectiveness, training needs, underwriting process, and pricing optimization.
Reduce costs by decreasing the time wasted on back-and-forth communications between sales and underwriting. Costs are also reduced by eliminating duplicate entry and systems.
Manage risk more effectively by leveraging automated workflows to consistently enforce underwriting rules and ensure compliance.
Connect FINEOS Underwrite to your legacy system, digital ecosystem or core rating system and receive the same great results with a simplified route to implementation.
Contact us here to learn more about FINEOS Underwrite.
Group insurance underwriters streamline proposal creation and increase compliance with modern underwriting solutions.
FINEOS New Business & Underwriting is a scalable rate, quote and underwrite enterprise SaaS solution that ...
While the replacement of legacy systems and processes may be costly and time-consuming, it is likely far outweighed ...
An insurance underwriting software, such as FINEOS Underwrite, is an automated underwriting software designed to accelerate revenue growth and ensure profitability. It is a part of the FINEOS AdminSuite platform which includes absence management software, claims management software, policy administration systems, and more.
With FINEOS Underwrite you can: Define benefits and rules for quote accuracy; Provide information on real time for easy decision making; Ensure decisions are consistently enforced and; Help brokers and executives close sales faster through the cloud.
There are a number of benefits of an automated insurance underwriting software. The benefits of using the FINEOS Underwrite platform are that it drives revenue growth due to real time collaboration; it will reduce costs by eliminating time wasting and improving productivity from the real time dashboard which provides access to information for decision making.
FINEOS Underwrite allows fewer data entry errors and handoffs by consolidating information in real time. It improves accuracy with rate revisions and increased compliance through automation.
With FINEOS underwriting solution you can generate more sales from having the ability to easily modify insurance proposals in real time, helping to close sales faster by producing multiple proposals at a time and realizing potential revenue sooner by implementing rate-revisions seamlessly.
The FINEOS Underwrite interface provides faster, more accurate proposals and quotes. It provides automated workflows that increase productivity and reduce process times. Our actuarial tools make it easier to change, test and implement revisions to rates. This overall provides better operational efficiency.
FINEOS Underwrite is a cloud-based software which works in real time, improving efficiency when closing sales for sales executives and brokers, and the real time dashboard provides easy access to information when making decisions.