Case Study: Data-Driven Automated Underwriting

Add a title
#F2F2F2
NaN
true
false
Pipe Position
Image
Add a title
#F2F2F2
NaN
false
false
left
Image
Add a title
Hex Color
NaN
false
true
left
Image

Establishing a 50% straight-through processing rate with automated life underwriting

Learn how a midsized Canadian insurer leveraged the Aura Next decision management platform to overhaul its manual and time-consuming underwriting process.

Add a title
#f2f2f2
NaN
false
false
Pipe Position
Image
Add a title
#000000
NaN
false
false
Pipe Position
Image

The Challenge:

 

To reduce the risk and inefficiencies of their existing operation, the insurer was looking to digitize and automate the application and underwriting decision-making process.

 

 

 

Add a title
#ffffff
NaN
false
false
Pipe Position
Image

The Results:

  • Reduced time from application to underwriting from weeks to minutes
  • Established a 50% straight-through processing rate for all products

  • Created a completely digital, omni-channel experience enabling point-of-sale decisions


More Solutions from RGA

Doctor explaining results to woman
Research and White Papers July 2024
Borderline Ovarian Tumor: Implications for critical illness and terminal illness claims Read More