Automated Underwriting

STEP-Automated-UnderwritingSTEP Solutions creates an automated, streamlined underwriting process. It incorporates rule-based risk assessment that enables smarter and faster underwriting decisions. Our automated process improves your overall underwriting cycle efficiency by lowering your underwriting overhead, reducing costly errors and reducing or eliminated manual efforts.

The requirements for underwriting life insurance products are unique. STEP Solutions’ powerful underwriting platform fully handles the complexity of life, annuity and health (LAH) products. Our web-based system includes a stylized, reflexive applicant questionnaire that is conducted and completed via a telephone interview. Based on the applicant’s answers and the established rules-driven underwriting guidelines, the application is electronically processed and directed to the Underwriter’s Workbench.

The Underwriter’s Workbench provides for a consistent underwriting discipline and acts as a dashboard for the Underwriter to request, collect and review all requirements necessary to evaluate the applicant’s insurance risk.