Appian has announced that in partnership with Swiss Re, its Connected Underwriting Life Workbench will now be available in APAC and EMEA.
Integrated with Swiss Re’s automated life insurance underwriting solution, Magnum, the Appian workbench boosts the underwriting process. It also improves the underwriters productivity and experience.
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Traditional underwriting workbenches have been criticised for a lack of integration across various systems, but this new workbench takes care of that.
Features include its ability to:
- Enable intelligent case and workload management;
- Automate underwriting processes and increase straight-through processing;
- Elevate customers and underwriters experience;
- Minimise risk and improve profitability.
“Underwriters often find themselves juggling information scattered across email inboxes, outdated systems, and lengthy documents. This is especially true for life underwriters, for whom administrative burden can significantly slow down their ability to accurately assess risk in a timely manner,” said Jacob Sloan, industry vice president, global insurance, Appian.
“That’s why Appian has partnered with Swiss Re Reinsurance Solutions to introduce Connected Underwriting Life Workbench to improve operational efficiency and the underwriter and customer experience for life insurers. This solution is especially helpful for insurance companies that want to streamline underwriting processes with risk management and policy consistency across multiple markets while allowing flexible and agile adaptation to local regulations.”
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By GlobalData“Integrating Swiss Re Reinsurance Solution’s Magnum and Appian Connected Underwriting enables insurers to experience an intelligent and comprehensive underwriting automation and workload management platform,” according to Dylan Rowe, Head of Global Life and Health Automated Solutions, Swiss Re.
“After a successful launch in North America last autumn, we are excited to make this life insurance solution available in selected countries of APAC and Europe this year so that even more customers who want to improve the efficiency and quality of underwriting with innovative technology can benefit from it.”
