Automated Risk Assessment Engine

Our Automated Risk Assessment Engine speeds the underwriting process by swiftly identifying policy worthy applicants and high-risk candidates. STEP features include:

• Configurable knock-out rules
• Attribute/Condition based risk classification
• Straight-through validation and reconciliation with online external consumer data
• Flexible rules based credit/debit scoring
• STEP Engine Framework provides choice of:
  • Carrier designed underwriting parameters / underwriting guidelines
  • Reinsurer “black-box” mortality assessment engines
  • Hybrid solutions for complete flexibility to match reinsurance treaties
• Automated routing of cases for underwriting based on:
  • Product guidelines & locale attributes
  • Coverage selections such as face-amounts, riders etc
  • Specialized medical underwriting guidelines
• Automated Requirements & Correspondence management
• Automated e-issuance