London, 30 April, 2019 – Recognising the rapidly growing need to maintain underwriting discipline as the insurance market enters the digital era, AdvantageGo, the commercial insurance and reinsurance product family from NIIT Technologies, today announces the launch of its ‘Underwriting’ workbench solution.
Specifically designed for and in partnership with underwriters, ‘Underwriting’ streamlines and automates low-value tasks, systemises processes and improves operational excellence.
Powered by an ecosystem of data providers that supports data led decisions, ‘Underwriting’ proactively delivers new business insights and risk specific knowledge. When combined with an underwriter’s own intellectual property and existing data assets, underwriters can begin to create new products, understand risk at new levels of granularity and differentiate beyond their peers.
‘Underwriting’ consolidates and provides all underwriting functions into a single platform, integrates into established core policy administration systems and leverages other existing IT investments.
Delivered through a centralised product management workbench utilising integration, orchestration, workflow, standard business processes and a rules engine, ‘Underwriting’ systemises an underwriter’s knowledge and delivers analytics-driven insights throughout the decision-making process, all the while adhering to corporate governance and compliance standards.
It consolidates all underwriting tasks into one system, driving significant benefits in operational efficiency and data accuracy that massively increases the velocity and agility of decision making.
“With a rise in the volume and format of data to analyse, underwriters need to quickly and accurately evaluate structured and unstructured data delivered through various channels”, said Adrian Morgan Executive Vice President and Head of AdvantageGo at NIIT Technologies. “In the digital age, underwriters need to quickly respond to shifting market needs and create and offer new products and policies. Our ‘Underwriting’ workbench leverages an underwriter’s experience and capabilities to augment risk assessment and mitigate risk. A digital foundation which provides rich functionality that will equip underwriters with the tools to address new business models and support their digital future.” Morgan added, “we are extremely pleased about the level of interest for ‘Underwriting’, and our first major implementation is underway.”
To learn more about AdvantageGo’s ‘Underwriting’ solution, click here
Notes to Editor
AdvantageGo is the innovative commercial insurance and reinsurance product family from NIIT Technologies. It harnesses the power of proven, functionally-rich core solutions and augments it with the energy and culture of being an InsurTech leader. AdvantageGo enables insurers and reinsurers around the world to fuse the traditional with digital, helping them to rapidly adapt, drive change and succeed with agile software and Microservices. For further information, please visit www.AdvantageGo.com.
AdvantageGo- revolutionising insurance software
About NIIT Technologies
NIIT Technologies is a leading global IT solutions organization, enabling its clients to transform at the intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact. The Company focuses on three key verticals: Banking and financial services, Insurance, Travel and Transportation. This domain strength combined with leading-edge capabilities in Data & Analytics, Automation, Cloud, and Digital, is enabling its clients to drive business transformation.
With over 10,000 employees serving clients across Americas, Europe, Asia, and Australia, NIIT Technologies fosters a culture that promotes innovation and constantly seeks to find new yet simple ways to add value for its clients.
Learn more about NIIT Technologies at www.niit-tech.com.
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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