Digitalizing and Automating the New Business Process to improve overall Application Decision Timeframes by 30-50%
New Business Applications (NBA)
Information Requests and Data Collection just got Easier - and Faster!
The secret? The utilization of tailor-made robotics, machine learning, digitized data collection, customizable portals, and robust reporting and analytics.
FastTrack’s New Business Underwriting Tool simplifies the application process for producers, policyholders, and underwriters. Leveraging our customizable New Business portal to facilitate timely submission of all necessary information, industry-leading OCR/ICR technology, digitization of data, and robotics process automation (RPA’s) that automates all necessary follow-up activities for outstanding information, the underwriting process has become more streamlined and customer-friendly. Underwriters and underwriting assistants will spend significantly less time (up to 75%) on administrative tasks related to data collection and more time on assessing risk, engaging producers, and making timely decisions. Set yourself apart from your competition and let the FastTrack technology boost your underwriting productivity and time service for your producers!To learn more about our unique technology, click here:Robotics RPA's | Digital Process Automation | Automated Occupational MatchingThe Advantages
For The Carrier:
- Automated Data Collection based on the Carrier’s Business Rules
- Customizable portals for easy documentation submission and application status updates
- Increased speed to decision with less wastage
For The Underwriter:
- Less time spent on administrative tasks and more time spent on risk assessment
- More capacity to engage and interact with sales staff and producers
- Improved time to decision
For The Producers:
- Simplified application and documentation submission
- Easy status updates via portal
- Greater consistency in underwriting practices and delivery of service
Additional Automated Solutions & Services for the Life and Disability Insurance Vertical
Ready To Learn More?
Contact us to schedule an information session and demo to learn how FastTrack’s Suite of Automation Tools can dramatically improve your Life & Disability Claims Best Practices.
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