SymbioSys Underwriting-as-a-Service

SymbioSys Underwriting-as-a-Service is a powerful service that enables the insurer to easily setup its underwriting division uniquely. It can offer differentiated service to its key customers and distributors, to achieve an improved experience. It offers a comprehensive underwriting workbench giving a 360°view of Customer profile, Application data including the medical questionnaire, Historical Policy information etc. for timely, consistent, and quality underwriting decisions. It uniquely addresses the underwriting needs of all Life and Health Insurance carriers, along with necessary regulatory compliance.

Over 8 million applications for 24 customers across 9 countries have passed thru SymbioSys Underwriting.

SymbioSys Underwriting-as-a-Service is designed for the global insurance underwriting needs and is proven with unique capabilities like:

• Ability to route cases automatically to specific underwriter based on competence and ensure load leveling across underwriters
• Ability to provide counteroffer like Increase/Decrease Sum Assured, Add/Remove Riders, Modified Policy/Payment terms, Plan Options etc.
• Ability to have multi-level Underwriting for complex cases with audit maintained at each stage
• Ability to take underwriting decisions like Accepted, Declined, Exclusion, Permanent/Temporary Flat/Percentage based Loading etc.
• Enables users to define escalation and alert rules for pro-active management, thereby reducing the underwriting costs.
• Handshake seamlessly with digital ecosystem with ready real time API interfaces.