Smart Rulesets for Document Requirements
Automate Underwriting with Pre-configured rule sets for Automated Document Requirements
Description
Introduction:
Underwriting often slows down due to manual document requests, inconsistent processes, and delays in product launches. The Smart Rulesets for Document Requirements solves this by automating rule-based requests, ensuring speed, accuracy, and seamless integration—keeping your business ahead.
Overview:
The Smart Rulesets for Document Requirements provides insurers with a pre-configured rule set to streamline medical and non-medical document requirements for underwriting. It covers all permutations and combinations based on product type, age, sum insured, and financial underwriting criteria. This solution allows insurers to configure document rules for new product launches or updates without needing extensive coding, reducing time-to-market and ensuring that all necessary evidences are automatically triggered based on pre-defined thresholds.
Benefits:
The Smart Rulesets for Document Requirements simplifies document requests, cutting down the time required to launch new products. It ensures smooth operations with consistent processes, making it easier for insurers to adjust across different product lines. By integrating with existing systems, it reduces manual intervention, improving accuracy and providing a better customer experience.
Features
This solution offers a robust set of features including automated document processing, customizable underwriting rules, and seamless API integration for real-time data exchange. With AI-powered insights and flexible rule customization, it enhances operational efficiency, ensuring faster decision-making, improved compliance, and scalable automation across multiple business processes, driving greater productivity and performance.
Features and Capabilities:
Preconfigured Medical Requirement Rules: Automates the request for medical documents (e.g., lab tests, ECGs) based on parameters like age and sum insured.
Preconfigured Financial Requirement Rules: Triggers financial document requests aligned with income and sum insured levels, ensuring thorough financial assessments.
Configurable Decision Tables: Allows customization of underwriting thresholds for various products and customer profiles.
Product-Specific Customization: Offers flexibility for insurers to adapt document requirements based on the specific needs of different products.
Integration-Ready API: Facilitates smooth integration with external systems, enabling real-time updates and execution of document requests.
Resources
Key Information
Platform Modules:
Neutrinos Business Rules Engine: Empower your processes with intelligent, real-time decision automation at scale. Accelerate decision-making and policy enforcement with intuitive rule automation.
Version: 24.07
Neutrinos Microservices and Integration Foundry: Effortlessly connect and scale your services with an integrated microservices and API management and configurator.
Version: 23.11
Neutrinos Observability 360: Turn data into insights, empower strategic decisions with real-time business metrics and actionable insights creating impactful decisions.
Version: 24.05
Neutrinos Dev-Ops and System Management: Gain full visibility into your applications and systems to quickly spot issues, optimize performance, and keep everything running smoothly.
Version: 24.02
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