Software for Automated Underwriting in Life, Health and Annuities
LifeSuite is an award-winning, web-based new business and automated underwriting system that drives straight-through automation. Carriers using LifeSuite have achieve automatic issue rates as high as 93%. LifeSuite streamlines the entire new business process from application receipt through coverage approval, providing efficient, consistent automated underwriting. LifeSuite maximizes organizational effectiveness with decreased time to issue, increased growth, and reduced policy acquisition costs. LifeSuite Collaborator agent portal software enables better communication and understanding between agents and underwriters.
Our team of support professionals has a record of success. We are committed to understanding your needs and implementing LifeSuite into your business model.
Leading Automated Underwriting System That Fits Your Business Model
Customers and agents experience the benefits of increased automation and enhanced workflow. Time to issue decreases, and policy acquisition costs are greatly minimized.
- Automated underwriting with straight-through-processing for eligible cases
- Equal success for both simplified issue and fully underwritten products
- Case management dashboard - Real-time updates
- Rich Internet Application (RIA) - Enhanced user experience with an intuitive, more efficient, faster workflow platform
The LifeSuite rules engine ensures consistent, accurate decisions. The system automatically evaluates application data and requirements evidence, freeing staff to focus on high face amount and complex cases.
- Powerful, integrated, user-configurable rules engine
- Automated requirements processing with support for multiple vendor integrations
- Streamlined requirements management - Reduces unnecessary and duplicate orders
ACORD XML standards facilitate integration with evidence providers, and the use of web services provides seamless integration with third-party and back-office systems. LifeSuite’s high configurability allows for rapid deployment of new products and system changes.
- ACORD XML compliant
- Flexible, highly configurable platform
- Rules easily customized and maintained by business users
LifeSuite provides efficiencies in new business underwriting, removing barriers that can inhibit growth and profits. New business transactions are processed more quickly, accurately and consistently. Requirements are managed and processed automatically. Many cases can be auto-approved without underwriter intervention. Decreased time to issue results in fewer not-taken cases.