Insurance Underwriting

Enhance underwriting capabilities and reduce processing time with our Intelligent Document Processing solution

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The processes within Underwriting workflows

Application Processing Check

Application Processing Check

Collect, extract, and verify data from multiple sources and automatically populate data into your internal system.

Risk Rating

Risk Rating

Our system assigns a risk rating score to your client by verifying data extracted against your internal risk rating policy.

Premium Recommendation

Premium Recommendation

Our solution automatically recommends a premium charge to your clients based on an assigned risk rating.

Enhance Insurance Underwriting
with Nexus Intelligent Document Processing

The underwriting process depends on data management and analysis, usually done by humans. With Nexus's Intelligent Document Processing solution, analysis can be performed faster, generating accurate pricing results and risk assessments.

why
why
why
why

Challenges in Underwriting

The current process of underwriting is extremely time-consuming. There is often a need for manual intervention, and human decision-making often leads to inconsistency. Many insurance companies are also burdened with outdated technology and processes.

  • Decentralised data sources

    Decentralised data sources

  • Data quality and inconsistencies

    Data quality and inconsistencies

  • Time-consuming and laborious process

    Time-consuming and laborious process

Be a game-changer with us

One centralised solution

One centralised solution

Easily integrates with legacy systems to enhance a full automation process

Data ingestion and processing

Data ingestion and processing

Quickly process and verify large volumes of various forms of structured and unstructured data.

Configurable AI models

Configurable AI models

Configurable AI models make it easy to integrate/update regulatory or operational changes more flexibly into your workflows

Intelligent Automation

Intelligent Automation

Automate repetitive, time-consuming tasks, freeing up employees to mitigate business risk

We deliver real competitive advantages to your business

Accelerate onboarding time

Accelerate onboarding time

Shorten the time of checking and verifying while enhancing customer experience

Boost productivity

Boost productivity

Reduce manual intervention and speed up processing times

Reduce costs

Reduce costs

Automated solutions delivered 24/7 contribute to corporate-wide cost savings

Free-up capacity

Free-up capacity

Free up employees’ time to do more valuable work and increase employee satisfaction

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