New Business and Underwriting
Healthcare Applications Solution
End-to-end Solution Template using
Business Process Management and
Rules
Business Drivers
In today’s competitive business
environment, increasing government
regulation and tightening market
conditions are driving Health and
Life Insurers to look for better
ways of meeting strategic
objectives.
Insure more customers with less
risk
Provide more product choices
Control application costs
Control costs associated with
future claims
Serve and retain agents and
customers
Respond quickly to changing market
conditions
Meet regulatory requirements
Business Solution
The SoluSoft New Business and
Underwriting (NBUW) Health
Application Solution is a
customizable solution template
designed to meet those challenges
that fits easily into any insurance
environment. It delivers a true
end-to-end view of the entire
process, and provides much greater
control and visibility to all areas
of the business. The entire
organization can leverage these
tools to:
Serve customers faster, and more
accurately, resulting in appropriate
product choices
Capture accurate health
information for potential customers
at the point of application
Provide better application status
information to agents and customers,
with fewer issues
Provide Business Intelligence in
key performance areas
Provide automatic, verifiable, and
consistent decision making in both
rating and underwriting
Provide complete audit trail of
all documents and actions related to
an application
Control access to information
easily and comply with HIPAA and all
other security regulations
Provide greater visibility to
management for the status of
applications both pending and issued
Control risks associated with
underwriting, while meeting
regulatory requirements
Streamline processing to allow a
higher volume of work to be done by
the same group
Enable knowledgeable workers to
update the rules and process without
programming
