New Business Applications - FastTrack Risk Management Automation Tools

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 Matching
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The 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

 

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.

About FastTrack

FastTrack – a Kamine Technology Group (KTG) division – is a full-service intelligent technology solutions provider in the Life & Disability insurance vertical. Leading the way for more than 10+ years, FastTrack boasts a growing client portfolio consisting of a large ratio of top-tier insurers in both the Group and Individual marketplace in the USA and Canada. Our made-for-insurance intelligent technology, enhanced by decades of on-the-job insurance industry expertise and AI, digitizes & automates up to 90% of the claims journey, from claim intake to adjudication, resulting in lightning-fast claim outcomes that typically improve Claim Handle Time by 30%-40%. FastTrack helps insurers free up valuable human resources to focus on mission-critical tasks, such as improving the customer experience and making informed claim decisions. Furthermore, FastTrack’s suite of technology solutions and services empowers insurers to triage claims, understand risk management options, reduce manual administration, save on interest expenses, create straight-through processing opportunities, leverage comprehensive data via online Claimant, Beneficiaries, Employers, Agents/Brokers portals, and create digital claimant profiles to achieve informed, consistent, repeatable, defensible, and objective claim decisions.

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