Credit: Mohamed Hassan from Pixabay.

The automated, end-to-end process from Appian and Swiss Re makes underwriters’ lives easier by providing a single interface to evaluate and classify risk, handle exceptions and make case decisions.

Furthermore, the Connected Underwriting Life Workbench is a streamlined underwriting solution that is prebuilt on the Appian platform. It is designed to drive speed to market with reduced IT effort for implementation.

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Its data fabric capabilities enable quick data and integration connectivity, coupled with AI-led automation that supports change management and optimised processes.

In addition, Appian’s AI architecture, which includes generative AI capabilities, lets insurers process content at scale and automate repetitive tasks, such as classifying emails and extracting data from documents.

It also allows 24/7 real-time monitoring and data extraction from various sources, seamless integration with third-party tools, and augmented decision-making with a complete audit trail.

Appian and Swiss Re with Life Workbench

Life Workbench offers a prebuilt integration with Swiss Re’s Magnum Pure, an influential automated underwriting solution powered by Swiss Re’s Life Guide.

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This integration empowers underwriters to overcome the complexities of multiple systems used to underwrite a case by bringing together all the relevant data, images, and human system interactions. Underwriters can better evaluate and classify risk, handle exceptions, and make critical case decisions rather than focusing on the procedural and administrative steps, transactions, and keystrokes.

Also, this collaboration combines Appian’s expertise in AI, automation, data fabric, and case management with Swiss Re’s industry-leading automated underwriting engine, Magnum Pure, to simplify the underwriting process. The Swiss Re Magnum Pure solution must be purchased separately from the Appian Platform to enable the integration.

“Today’s customers demand seamless digital experiences, and insurers can’t afford to be held back by sluggish underwriting processes and data silos. Appian Connected Underwriting Life Workbench is a game-changer. It combines automation, data fabric, and plug-and-play integrations to accelerate underwriting, helping insurers avoid unprofitable risks and ensuring a superior experience for both customers and underwriters,” said Jacob Sloan, industry vice president, global insurance, Appian.

“This offering is powered by Magnum, Swiss Re’s automated underwriting solution and allows business users to render point of sale underwriting decisions faster and more seamlessly, ultimately improving the experience for the end consumer. We are delighted to utilise our product innovation expertise to help bring this offering to market,” added Jason Render, head Magnum Americas, life & health solutions, Swiss Re.