Axe

With Axelerator’s Quoting and Underwriting Tool you can automate all stages of the quoting and underwriting process from pricing through to policy issue providing a straight through processing capability to secure new insurance business quickly.

The full policy lifecycle can be processed including endorsement, cancellations, lapses and renewals.  It allows you to orchestrate your entire underwriting process in one system.

Achieve straight through processing for new business by replacing spreadsheets and manual processes for quoting, approval and policy issue using smart forms, automated workflow and integration to back-end systems.

Axelerator collects just the data required for underwriting and applies your rules real-time. If a cleanskin, premium is calculated and the user offered to bind. If a referral, an email is sent to an underwriter with the risk details. The underwriter can then adjust the premium or decline the risk, the original user advised in order to proceed. All documents for issue of the policy are automatically assembled for customers, brokers and the insurance company.

Business people can maintain the rules which drive the system. A different look and feel, questions and calculations can apply for different parts of the business. Axelerator reporting provides insights to optimize products and channels. An optional mobile module is available so business may be closed and policies issued real-time in the field.

Provide complete business support with a fully functional and flexible underwriting tool:

• Service brokers and clients faster
• Gain real-time insights into every aspect of the new business process
• Eliminate time consuming double or triple data-entry
• Achieve consistency of process and service
• Develop or adapt products quickly to meet changing market conditions
• Free up time to focus on developing new business
• Ensure accurate governance and compliance
• Orchestrate the full value chain from a single system