The Problem
Selling insurance products can require long approval times for new policyholders, as well as lengthy forms and applications. Processing these approval requests can take lots of paper, time and work, especially when forms are “bounced back” for corrections. This leads to a long and frustrating process with paperwork passing back and forth among agents, brokers and insurers. And worst of all, even after this lengthy process, the policy may never be put in force — meaning that all of that nuisance was a wasted effort.
The Solution
SimplifySubmission® is an easy to use, Web-based underwriting system that allows agents, brokers, insurers, consumers and other users to qualify, rate, quote, bind and virtually deliver policy documents in minutes. The ability to process online in realtime allows insurers to reduce policy issuance from weeks to minutes — making selling even small premium and low limit products worthwhile for agents.
Easy-to-use wizards guide users through the application process, the first stage of this underwriting system. The sequence of questions assures that all data is validated prior to submission to ensure complete and accurate applications. Rating and qualification information is presented up front and ineligible risks are screened out before reaching the insurer. Approval is immediate.
Technology
You can easily access SimplifySubmission® through any machine with a web browser such as Internet Explorer or FireFox. It’s a very lightweight AJAX application developed in GWT and Spring Framework.
Decision-making is automated through simple rules that are evaluated by a rules engine. These rules can be easily customized when your business needs change. A powerful workflow engine drives the business process through various departments and people through a combination of automated scripts and manual tasks.
SimplifySubmission® can be deployed on any operating platform you choose, such as Windows or Linux distros.
