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