- Solution overview
Genpact Underwriting Manager
Transform the underwriting experience with data analytics, digitization, and artificial intelligence
Challenge
A staggering 30–40%. That's how much time some underwriters spend on administrative jobs, according to one estimate. They're heavily reliant on spreadsheets. They manually key data into multiple systems. They produce documents manually. They have to deal with submissions intake, triaging, referrals, pricing, documentation – the list goes on. They're forced to wade through mounds of data in emails, PDFs, and paper, rather than spending their time applying underwriting judgment.
Challenges like these waste underwriter expertise – expertise that businesses should invest in finding new ways to grow profitably and at scale.
Solution
Resolving these issues calls for a truly comprehensive response. That's what Genpact Underwriting Manager delivers. It smoothly integrates all the fundamentals of underwriting into one flexible platform, digitizing and repurposing data to augment an underwriter's capabilities while automating multiple processes. It streamlines every aspect of the underwriting lifecycle, freeing underwriters to identify new risks and opportunities while getting their businesses future ready.
Built for underwriters by underwriters, Genpact Underwriting Manager is founded on more than two decades of Genpact's experience in the insurance industry. It solves ongoing bottlenecks across the underwriting lifecycle, adding value for brokers, cover holders, and policyholders. Its analytics-driven automation and predictive and prescriptive capabilities across the underwriting cycle support underwriting judgment and deliver competitive advantage.
Critically, it can be implemented without major disruption to business as usual. You can opt to run it as a software-as-a-service (SaaS) solution or host it on the cloud environment of your choice. We can install, configure, and launch it so it's fully functional within weeks.
You can tailor Genpact Underwriting Manager to meet your immediate transformation needs and adapt it as your priorities change. You can pick and choose any or all five of the following modules:
Submissions, intake, and clearance
Risk triage
Pricing and quoting
Policy servicing and renewals
Analytics and reporting
Impact
By connecting all underwriting touchpoints, Genpact Underwriting Manager removes pain points and improves underwriters' user experience and productivity. The solution cuts back on pain points through:
Adapting to new risks and new competitors has never been more crucial. Genpact Underwriting Manager is a comprehensive transformation solution delivered to the heart of your insurance organization.