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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 Bold Penguin?

Bold Penguin is transforming the landscape of commercial insurance through the use of advanced technology and unique quoting software specifically designed for insurance agents, brokers, networks, carriers, and channel partners. The platform offers a wide range of integrated tools, including terminal, exchange, storefront, and analytics, which work together to enhance the processes of quoting, lead generation, and underwriting for small and medium-sized enterprises. With its terminal solution, agents can quickly quote and bind policies, collaborating with both national and regional carriers to secure the best coverage available. The exchange platform contributes to business growth by establishing an active marketplace for leads, while the storefront feature allows agents to effectively oversee digital quoting experiences tailored for SMEs. Additionally, the analytics component utilizes artificial intelligence to refine data extraction and improve underwriting capabilities. By providing agents and partners with state-of-the-art tools, Bold Penguin greatly enhances operational efficiency and expands business opportunities for SMEs, empowering them to deliver exceptional service to their clients. This innovative approach not only solidifies Bold Penguin's position as a frontrunner in the commercial insurance industry but also contributes to a more streamlined and user-friendly insurance experience for all stakeholders involved. Ultimately, their commitment to leveraging technology positions them to meet the evolving needs of the market.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
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

Bold Penguin

Company Location

United Kingdom

Company Website

www.boldpenguin.com

Categories and Features

Commercial Insurance

Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management

Categories and Features

Commercial Insurance

Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management

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