ALIP New Business and Underwriting
Tomorrow’s new business opportunities start with today’s digital strategies. Deliver more—choices, channels, faster decisions—profitably.
Customer experience has never been more critical to your business—and consumers’ expectations have never been higher when it comes to:
ALIP New Business and Underwriting advances your ability to attract and engage customers with simple, digital buying experiences. Manual processing and 3-month underwriting are a thing of the past for industry leaders. And new sources of data from medical records to wearables are driving new levels of risk assurance and profitability.
From direct-to-consumer to producer-initiated models, and from guaranteed or simplified issue to fully underwritten applications, ALIP provides full automation and real-time data validation. You’ll launch new products, process applications, automate underwriting and issue policies with speed and efficiency that satisfies today’s range of consumers.
Today’s market has significantly shifted carriers into high gear regarding digital insurance solutions and customer engagement. Insurtechs, health scores and AI were considered to be “where we were headed” just a year ago. Now, it’s “where we are.” While many carriers struggle with legacy platform limitations, others are embedding innovative technologies, in parallel with modernization efforts, to satisfy consumers’ needs for simpler and accelerated underwriting.
ACLI’s recent webinar presented by Accenture and dacadoo discussed how expanding technology ecosystems are fundamental to future growth and remaining focused on your core competencies.
The session also spotlighted life insurance underwriting and how exciting new technologies like AI and data analytics combined with gamification and health scores are improving underwriting accuracy and encouraging healthier insureds.
ALIP’s powerful and flexible configuration capabilities enable your users to innovate with ease and automate to drive down costs.
ALIP is designed to empower product and business owners to build new products and test them in real time, automate business processing and eliminate interpretation issues…all without the need for IT resources.