Insurance Underwriting
Enhance underwriting capabilities and reduce processing time with our Intelligent Document Processing solution
The processes within Underwriting workflows
Application Processing Check
Collect, extract, and verify data from multiple sources and automatically populate data into your internal system.
Risk Rating
Our system assigns a risk rating score to your client by verifying data extracted against your internal risk rating policy.
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.
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 Many insurance companies are also burdened with outdated technology and processes.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
Easily integrates with legacy systems to enhance a full automation process
Data ingestion and processing
Quickly process and verify large volumes of various forms of structured and unstructured data.
Configurable AI models
Configurable AI models make it easy to integrate/update regulatory or operational changes more flexibly into your workflows
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
Shorten the time of checking and verifying while enhancing customer experience
Boost productivity
Reduce manual intervention and speed up processing times
Reduce costs
Automated solutions delivered 24/7 contribute to corporate-wide cost savings
Free-up capacity
Free up employees’ time to do more valuable work and increase employee satisfaction
