Autonomous Underwriting module (AUM)

Automated underwriting for rapid and risk managed customer acquisition and onboarding

Using Deep Neural Networks, the AUM module reduces underwriter load by increasing STP proportion, flagging information requirements while monitoring financial and medical risks.

  • Beyond documentation rules, filter out applications that are eligible for STP. AUM works with existing Rule Engines or even standalone. 

  • AUM learns from historical underwriting decisions, previous early claims to highlight cases that exhibit high propensity for early claims.

  • Prevents inconsistencies due to human judgment variability; ensures that organizational policies are consistently implemented.

  • AUM scales to match demands of peak season without challenges of temporarily augmenting staff and having experts overloaded.

  • While underwriting, AUM module can arrive at personalized premiums aligned with the business growth appetite viz-a-viz the risk of the customer.

Using Deep Neural Networks, the AUM module reduces underwriter load by increasing STP proportion, flagging information requirements while monitoring financial and medical risks.

Increase STP cases through intelligent assessment of underwriting and documentation needs

Beyond documentation rules, filter out applications that are eligible for STP. AUM works with existing Rule Engines or even standalone. 

Reduce early claims and increase underwriting profitability

AUM learns from historical underwriting decisions, previous early claims to highlight cases that exhibit high propensity for early claims.

Enables Standardization of underwriting guidelines 

Prevents inconsistencies due to human judgment variability; ensures that organizational policies are consistently implemented.

Ensures quick turnarounds and thorough scrutiny even during 'spike season'

AUM scales to match demands of peak season without challenges of temporarily augmenting staff and having experts overloaded.

Pricing that is personalized based on risk

While underwriting, AUM module can arrive at personalized premiums aligned with the business growth appetite viz-a-viz the risk of the customer.

Key Product Features

Automate complex underwriting cases

Deliver consistency in decision quality

Uplift in underwriting decision automation

Personalised pending requirements

Monitor early claims at the underwriting stage

Rapid implementation reduces the time to production

Deliver better customer experience & satisfaction

Business controls that allows to easy configurations

AUM module fits into existing underwriting process to deliver uplifts in STP cases, consistent scrutiny of Medical and Financial requirements, thorough risk assessment, and seamless scale up for demand spikes.

Assistive AI – autonomous AI system to continuously optimize the target strategy across different touch points

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