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ALIP New Business and Underwriting

AI-led life insurance

Reimagined with intelligent underwriting

Your engine for continuous innovation

Why ALIP New Business and Underwriting?

Key features

  • Full application life cycle management
  • Electronic / paper applications
  • Automated underwriting and case management
  • Real-time data validation
  • Automated decision engine
  • Consolidated workbench views
  • Extensive list of third-party integrations
  • Work orchestration
  • Document management
  • Cost-effective SaaS and PaaS implementation models

Electronic applications

  • Receive applications and images from external portals via an ACORD transaction
  • Web-based UI with reflexive questions presented dynamically, populates and generates completed new business forms for signature
  • Electronic signature, digital form and pen integration, in addition to industry standard signature tablets
  • Seamless underwriting integration

Automated underwriting

  • Automates underwriting decisions from simplified to complex iterative analysis
  • Pre-populated and configurable underwriting guidelines and rules
  • Iteratively evaluates application data and evidence with a series of underwriting decisions
  • Automatically assign risk and ratings

Case management

  • Flexible rules automatically assign cases, and when work is required, generate and deliver tasks to assigned user/team
  • Facilitates data validation and complex tasks related to case administration
  • Role-based security
  • Complete audit history of changes

Case workbench

  • Consolidates and maintains case data in one place
  • Alerts to an underwriter for application data or evidence that it’s out of bounds
  • Configure user rights to permission which sections within the Workbench users can view
  • Configure which data to display in each section within the Workbench

Requirements management

  • Out-of-the-box-ready ACORD interfaces to third-party providers further streamlines and automates the underwriting process
  • Automated requirements orders and workflow matching and follow-up
  • State-specific and other custom requirements forms
  • Reporting and analytics for enhanced requirements management

Business configuration workbench

  • Automate requirement orders, electronically evaluate requirement results, and continually adapt processes
  • Easily configure business rules and workflow, and define user conditions and actions
  • Supports “instant-issue” underwriting decisions or recommends underwriter review
  • Easily create web pages without a web developer or programmer

Product configuration workbench

  • Out-of-the-box-ready product templates—preconfigured and production tested—accelerate product introduction
  • Preconfigured rules around new product features, riders and benefits easily adapt to your underwriting preference

Third-party integrations

  • Integration with RGA’s AURA underwriting rules engine, making ALIP the first such platform to provide an out-of-the-box option
  • Extensive library of prebuilt interfaces with third-party vendors accelerates integration, further automating and streamlining the underwriting process

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