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WYNSURE SMART UNDERWRITING PLATFORM

Secure • Digital-Ready • Integration-Ready • Pre-Configured and Modular • Scalable

WYNSURE SMART UNDERWRITING PLATFORM
- POWERED BY GEN AI

 

Wynsure Smart Underwriting Platform (WSUP) is a state-of-the-art digital platform designed to revolutionize the insurance industry. Harnessing the power of Generative AI, WSUP seamlessly integrates all participants across the insurance value chain—from employers and their employees to brokers, carriers, and their affinity partners. Our platform covers every step, from Quote to Policy Issues, ensuring a smooth and efficient process for everyone involved. Its AI-powered tools include RFP assist, which helps streamline the RFP response process for group carriers, and UW assist, a contextual conversation bot to enhance underwriter productivity, making the entire process more efficient and effective. WSUP offers a monthly subscription fee option, significantly reducing initial investment costs and accelerating your digital transformation journey.

A Gen-AI powered Underwriting platform that enables and integrates all participants (employers/ Groups and their employees, brokers and carriers & their affinity partners) across the Insurance value chain – Quote to Policy Issue. WSUP comes with RFP Assist & UW Assist, which are Gen-AI tools that capture various templates, streamline and improve the RFP response process for Group carriers, and offer a contextual conversation bot to improve underwriter productivity. It provides an option of a monthly subscription fee, which helps reduce the initial investment and accelerates your digital journey.

By adopting WSUP, carriers gain a significant edge in the market of :

  • Upto 60% reduction in TAT through increased STP and reduced NIGO rates
  • Upto 50% increase in productivity
  • Increase customer retention by up to 40%
  • Increase automated renewals by up to 40%

HIGHLIGHTS

 

  • Intelligent Document Processing (IDP) combines AI and OCR to extract data from unstructured document and identifies errors during the data ingestion process.
  • Handles any number of advisors and new templates.
  • Enhanced rating through deep-learning algorithms
  • Support for multiple lines of business such as Group, Voluntary and Individual.
  • RFP assist, a Gen-AI tool that can capture various templates, streamline and improve the RFP response process.
  • UW assist, a Conversational AI chatbot that enhances knowledge sharing and improves underwriter performance. Enables Peer reviews and supervisor reviews.
  • Submission and enrollment through E-Apps, benefit Brokers, Payroll Systems & Online Portals
  • UW Workbench: Consolidate the underwriter’s desktop within a single application - Intelligent routing, Task Management & Workload balancing.
  • Integrate data from multiple systems through intelligent API’s
  • Drive straight-through processing (STP) of digital applications and automate renewals
  • Inbuilt Multilingual support

SOLUTION COMPONENTS

 

Wynsure Product Factory


  • Configuring UW rules
  • Workflow rules
  • Rating & pricing engine
  • Import/export rate tables
  • Multiple plan designs
  • Clone/copy/add/delete/update features

Wynsure Customer 360


  • Automated customer notifications
  • Centralized customer communication
  • Customer 360 view

Wynsure Self-Service Group portal


  • Onboard Groups, & Employees
  • Customer service

 

 

Wynsure UW Workbench


  • Modern UX with single pane of glass
  • Persona based digital experience
  • Intelligent routing, Task Management & Workload balancing
  • Seamless support for peer reviews / supervisor reviews
  • Review UW triggers, Group information & demographics, Experience rating, Claims history etc.
  • Adjust quote as needed
  • Recalculate rates based on UW activities

Wynsure Intake Engine


  • Handle unstructured/disparate Census data using RFP Assist
  • Ingest multiple RFP documents across several formats
  • Form analysis for NIGO rate reduction
  • Evaluate for STP eligibility
  • Use of OCR/ICR/Gen-AI enabled tools for ingestion & analysis

GROUP UNDERWRITING PROCESS ARCHITECTURE

 

group-underwriting-process-architecture