Policy Administration and Servicing

Improve customer experience and retention by streamlining end-to-end policy-related service request processes.

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 Policy Administration and Servicing Software - Policy Administration and Servicing

Policy Administration and Servicing Software


Improve service levels by automating the customer service request lifecycle for financial and non-financial requests. Enable interactive policy servicing and define complex calculation rules for payment and revival requests. Facilitate omnichannel request initiation and automatic allocation of cases based on the request type.

 -  - Policy Administration and Servicing
Policy Administration and Servicing

Parallel Processing

  • Parallel processing to manage complex scenarios where multiple requests get initiated from individual customers
  • Reduced turnaround time for policy processing and servicing

Auto-Ingestion of Policy Details

  • Seamless integration with policy administration system to auto-fetch policy-related details
  • Reduced manual efforts for finding and locating relevant fields required for policy endorsement

Automatic Case Classification

  • Rule-based algorithms for straight-through processing of low complexity endorsements and policy-related service requests
  • Automatic flagging and assignment of non-straight through cases to the underwriter
Policy Administration and Servicing

Policy Servicing Compliance

  • Traceability of requests and corresponding documents through automated reminders and escalations to ensure compliance
  • Audit logs, quality checking, and discrepancy resolution across forms, transactions, and processes

Personalized Customer Communications

  • Template-based document generation through the customer communication management platform
  • Faster, effective, and contextual customer communications, such as renewal notices, endorsement letters, etc.

Solutions for Insurance Firms

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Success Stories

Venerable -  - Policy Administration and Servicing

Watch how Venerable leveraged Newgen’s platform to accelerate digital transformation for enterprise-wide processes.

 -  - Policy Administration and Servicing

A leading South Asian life insurance company digitizes 7 billion documents using Newgen's document management system.

Tokio Marine HCC -  - Policy Administration and Servicing

Learn how Tokio Marine HCC modernized their policy generation process with Newgen.

Learn More

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