FINEOS New Business Underwriting

Does your current new business underwriting system make it hard for you to break into new markets?  Are changes to products costly and time consuming?  Does it force you to rely on manual underwriting?  Does it delay your response to agents - and potential new customers? 

Don’t give new business the chance to slip away.

FINEOS New Business Underwriting is a configurable, rules-driven solution that takes the hassle out of new application processing, reducing the time and effort needed to get new policies into the system - and onto the books.

FINEOS New Business Underwriting helps streamline the new business process by:

  • Providing a rules-driven process for data capture to ensure the integrity of your information
  • Ensuring comprehensive data gathering on initial point of contact, reducing the need for repetitive agent inquiries
  • Speeding your response to agents by enabling the execution of underwriting rules during the application process
  • Integrating additional data services into your automated underwriting decisions
  • Automatically generating the necessary forms and documents

FINEOS New Business Underwriting enhances your operation by:

  • Integrating seamlessly with existing systems
  • Ensuring currency of underwriting rates through interfaces with expert systems
  • Providing insight into persistency rates and trends
  • Maximizing use of underwriting staff
  • Enabling oversight and reporting on compliance issues

FINEOS New Business Underwriting is part of FINEOS’ component-based suite of solutions available for the insurance industry:

  • Life & Health / Pension Insurance (including long-tail claims associated with specialty lines) such as:
    • Disability (long-term, short-term, group, and individual)
    • AD&D
    • Critical illness
    • Dental
  • Social Insurance
  • Bancassurance