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Decision Automation: Driving Business Agility in Insurance Underwriting
Are you struggling to improve key business performance metrics related to underwriting and claims leakage, personnel training costs, time to settlement, time to quote, or time to market?
There are many solutions that help with these chronic industry challenges. But some solutions do more than help - solutions that enable truly breakthrough performance gains by focusing on the operational decisions embedded in your core business processes. Companies that put operational decision automation at the heart of their underwriting systems are seeing 75% reduction in customer acquisition costs, 90% reduction in manual underwriting tasks, and increased collaboration between business and IT groups in managing underwriting policy automation. Even more striking are the order-of-magnitude improvements in time to market for rate and policy changes or for new product introductions.
Join Corticon Technologies and NIIT as they explore the importance of operational decision making to business performance in insurance. They will explain how to:
- Enable Straight Through Processing
- Automate mundanetasks like reading clear MIB's, MVR's, Inspection Reports, etc.
- Remove redundant tasks
- Increase underwriting accuracy and consistency
- Reduce time to issue
- Centralize management of the underwriting-scoring/rating guidelines
The companies will share their solution blueprint that combines Business Rules Management Systems with Service-Oriented Architecture, electronic delivery, dashboards, intelligent entry, and standard data interchanges.
What could your company do with the additional cost savings and revenue opportunities that a 10x improvement in business performance would produce? Register today and let the 10x factor start working for you tomorrow.
REGISTER TODAY to learn the benefits of building decision automation into your agency processes