Appian's Connected Underwriting Life Workbench powered by Swiss Re and integrated with Magnum
Transforming underwriting: one workbench, countless possibilities
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Introduction
Welcome to a future where underwriters streamline their work seamlessly through a single powerful system. Imagine this: Your underwriters log in, and one system orchestrates their entire workload, managing activities, transactions and updates effortlessly.
Traditionally, underwriting workbenches have lacked integration, forcing IT teams to piece together connections with various systems. On any given day, a typical life insurance underwriter manages a multitude of different systems - just to underwrite a single case!
Underwriting a case doesn't have to be this way. With Magnum's integration into Appian's Connected Underwriting solution, your underwriters can finally experience having just ONE workbench for all their underwriting needs.
What we do
Your underwriters face daily challenges navigating complex processes, even for routine cases. Which is why we've partnered with Appian. Leveraging our experience in underwriting innovation, we designed and built seamlessly integrated functionality to revolutionize your operational approach, simplify the workflow and significantly enhance efficiency.
Now, underwriters can effortlessly view Magnum's decisions with the Appian interface. Magnum's insights seamlessly integrate with other data attributes and elements, allowing underwriters to interact with automated risk assessment results.
Magnum stands as the industry's leading automated life insurance underwriting rules engine, while Appian serves as the single source of integration – creating a true one-stop-shop workbench.
Unlock the future of underwriting with Appian Connected Underwriting integrated with Magnum. Say goodbye to complexity and inefficiency and welcome a new era of streamlined underwriting.
Are you ready to transform your underwriting experience? Contact us today and learn more about how the Appian Connected Underwriting Workbench can reshape your underwriting operations.
Key features Evolve underwriting with one workbench, countless possibilities
Data ingestion
- Monitor and process incoming apps 24/7 in real time for multiple channels, including email, e-apps, and more.
- Automatically extract data using AI and IDP from various documents, agent forms, emails and more.
Case management
- Automate app creation and expedite exception handling to accelerate time to underwrite and perform New Business functions.
- Improve case workflow, including initial review, case priority, logic-based auto underwriter assignment, underwriter workload balancing and more.
- Ingest cases via ACORD 103.
- Manage risk details and view applicant data in a single view masking the complexities of image systems, multiple life admin systems and other such websites and systems.
Requirements management
- Directly integrate with select third-party sources and leading rules engines to order and receive evidence.
- Quickly create and modify requirements and evidence rules according to your underwriting philosophy.
Augmented decisions
- Enhance underwriting decisions with a complete supporting audit trail.
- Comprehensive Underwriting Notes functionality suited to writing the ‘story’.