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What is Pega Underwriting Automation?

Pega’s underwriting application is designed to improve the quality and uniformity of underwriting processes for insurance carriers, while also reducing operational expenses and capitalizing on new market possibilities. By implementing intelligent processes, this application enables carriers to efficiently scale their operations, which in turn increases productivity and encourages enhanced cooperation among underwriters. It facilitates the automation of underwriting activities according to set guidelines and seamlessly integrates various functional areas through robust case management, ensuring both security and accountability throughout the process. For commercial lines carriers, having an adaptable underwriting framework that can quickly respond to market changes is vital for sustained profitable growth and improved operational outcomes. Pega's underwriting solutions are tailored to help carriers meet these objectives while also refining their existing capabilities and updating their technological systems. Moreover, with Pega, carriers are not only able to boost their operational efficiency but also better equip themselves to tackle future challenges within the evolving insurance sector, ultimately leading to a more resilient business model. In a rapidly changing market, staying ahead of the curve is essential for long-term success.

What is AUSIS?

AUSIS – Comprehensive Behavioral Underwriting AUSIS equips insurance providers with the ability to perform in-depth underwriting, scoring, and decision-making almost instantaneously. By implementing AUSIS, companies can significantly lower their expenses, time requirements, risk exposure, and instances of fraud, all while enhancing efficiency and decision-making through innovative alternative scoring techniques and added functionalities. Additionally, AUSIS improves the straight-through processing (STP) rate as compared to non-straight-through processing (NSTP) and facilitates non-invasive health data gathering from a multitude of sources, including air quality indexes (AQI), geographic locations, mortality rates, social determinants, multimedia content, health monitoring devices, weather patterns, sanitation conditions, and beyond. As a result of using AUSIS, insurance organizations may see up to a 40% reduction in costs tied to policy issuance. This groundbreaking solution not only optimizes the underwriting workflow but also offers critical insights that can enhance risk assessment and management strategies. The integration of such comprehensive data enhances the overall effectiveness of the insurance process.

Media

Media

Integrations Supported

Integrations Supported

ABBYY FineReader PDF
AGO Insurance Software
DXC Assure
Document Manager
Ensemble Suite
Google Cloud Platform
IBM Watson Machine Learning Accelerator
Microsoft Azure
PolicyStat
TensorFlow

API Availability

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

$10/month/user
Pricing is available as on-premise & cloud as subscription & licensing.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
On-Prem
Linux

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Pegasystems

Date Founded

1983

Company Location

United States

Company Website

www.pega.com/insights/resources/pega-underwriting-insurance

Company Facts

Organization Name

Artivatic.ai

Date Founded

2017

Company Location

India

Company Website

artivatic.ai/products/ausis

Categories and Features

Commercial Insurance

Insurance Rating
Quote Management
Risk Assessment
Underwriting Management

Categories and Features

AI Insurance

Not specified

Claims Processing

Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration

Health Insurance

Not specified

Insurance Agency Management

Claims Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management

Insurance Claims Management

CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Fraud management
Reporting

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

Insurance Underwriting and Rating

Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating

Life Insurance

Not specified

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