Underwriting can be a complex and time-consuming process and can prevent insurers from having a modern agent - customer experience, one that is fast and self-serving. However, new technologies are driving fully-automated data-driven programmes that streamline the process. Slow underwriting processes can lead to a higher rate of errors, and ultimately impact profitability. Automating the underwriting process leads to a more efficient and cost-effective underwriting process.
Aspire provides end-to-end underwriting automation to streamline underwriting process, enhance customer experience and thereby increase sales. Through automated underwriting, Aspire enables insurers get:
You can pick from our wide range of underwriting automation services to meet your specific needs. Our team of experts will also work with you to design a custom solution that fits your unique requirements. Here are just a few of the ways we can help with:
Analytics & rating engine
Get scalable analytics and rating engine with smart decision-making capability that enables multiple rules creation, rules testing, approvals, auditing and so on.
Document processing automation
Use deep learning and multiple ML models to extract data from across sources, formats. You save time, skip manual data entry, and reduce errors.
AI-based risk analysis
Machine learning algorithms can automatically analyze risk, identify potential fraud, help you identify and process applications faster.
Underwriting decisions & insights
Automate all decision-making, risk assessment, application approval or rejections in less time, with fewer resources required
We built a scalable Underwriting Decision Engine (UDE) with smart decision-making capability deployed on AWS.
Solution
Benefits
Pick from a wide range of claims automation services or work with our team of experts to find a custom solution that fits your unique requirements. Here are just a few of the ways we can help with:
One-stop-shop
An intuitive underwriting platform to manage various products, distributors and respective rule guidelines
Automated, Error-Free Setup
Ability to manage various complex system logics and calculations, with zero errors & less manual intervention
Flexibility & Scalability
Customizable, configurable and scalable platform for futuristic needs
Audits & Reports
Provide complete visibility and adherence to auditing requirements with strong reporting capabilities
Revenue Forecast & Analytics
Visibility of the revenue forecast and other analytical insights
Ease of Use & Better Control
Have complete control over the products, distributors, rules, etc., and ability to manage the financial regulations
Get more efficient.
Streamline your underwriting processes with our solutions
Aspire Systems has helped our team launch the redesigned Agent Portal in an astonishingly short period of time, and with continuous improvements ever since. While driving their own work, they worked collaboratively with other teams at our business to coordinate designs and dependencies, to ensure the successful launch and subsequent updates. We are now working (with Aspire Systems) to re-launch our Client Portal in the first half of this year.
Head of Customer Service Technology, American Equity
We embarked on an automation project and chose Aspire Systems as our partner, and we couldn't be happier with their technical prowess. Every technical aspect they have handled so far has been outstanding. Their expertise and proficiency in the field have impressed us greatly, giving us confidence in the success of our project.
I’d like to commend the Aspire Team for its excellent efforts. They were actively engaged, thorough with their tasks, and communicative throughout the preparation, release and hyper-care phase. Well done, team.
Globally reputed insurance provider
Aspire Systems consistently surpasses our expectations when it comes to meeting deadlines. Their team goes above and beyond to ensure that project milestones are met on time, without compromising on quality. Their dedication and tireless efforts have played a pivotal role in our project's success. Even during the challenging times of COVID, Aspire demonstrated unwavering commitment to delivering excellent service, ensuring that our project progressed smoothly despite external hurdles.
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