Microdea’s Synergize for Underwriters secures all underwriting related documents in a central location and eliminates the difficulties associated with paper-intensive processes. Information flow for applicants is improved as documents travel through a pre-agreed workflow with service level management. Insurance organizations are able to manage the underwriting process from end to end, reduce operating costs, and underwrite more business in less time.
Efficient underwriting and moving a policy from application to issue as accurately and promptly as possible are critical aspects of competing and winning new business in the insurance industry. Traditional paper-based systems are cumbersome and hinder underwriters from managing the flow of documents. In order to effectively manage risk and ensure accurate decisions are made, underwriters require quick access to documents and relevant information.
Synergize for Underwriters enables all essential underwriting content to be easily accessible from the Synergize repository. Workflow automation allows for processes to be monitored in real-time as underwriters are notified automatically when applications do not follow pre-defined business rules or interdepartmental service levels are not being met. This ensures accuracy and enables insurance organizations to issue new policies and handle renewals in optimal time.
Synergize for Underwriters provides:
• Documents that are easily accessible by authorized personnel from the secure Synergize repository
• Improved document management and standardized underwriting procedures
• Workflow management to ensure accuracy and streamline processing
• Increased productivity enabling a higher volume of policies to be processed
• Integration with existing origination systems
• Reduced operating and labour costs
For more information on how Microdea can help your organization improve the underwriting process and increase profits with Synergize's document management and automated workflow, contact us at 905.881.6071 ext 244 or marketing@microdea.com