EXL Underwriting Workbench

Use Case Details

Underwriters often face challenges with fragmented and inaccessible data, which can hinder their ability to make informed decisions
Manual and slow workflows can lead to significant time spent on non-value-added tasks, reducing overall productivity
Without a unified platform, risk assessments can vary widely, leading to inconsistent underwriting decisions.
Ensuring compliance with complex regulations can be difficult without sophisticated tools to monitor and manage risk
Many insurers are burdened by outdated systems that limit their ability to integrate new technologies and streamline processes
Lack of a consolidated view of customer data can impede effective risk management and customer service
Poor data quality can affect the accuracy of risk assessments and decision-making

Key Features & Functionality

Workflow: API/RPA based integration to drive Automation and streamline tasks for Underwriters
AI (EXL XTRAKTO.AITM) : AI enabled extraction from unstructured documents (new business submission packages, emails, excel, PDF etc.)
Analytics : Embedded analytics models to improve decision making (triage, risk selection, declinature, broker and customer insights)

Benefits & Business Impact