Establishing a 50% straight-through processing rate with automated life underwriting
Learn how a midsized Canadian insurer leveraged the AURA NEXT decision management platform to overhaul its manual and time-consuming underwriting process.
To reduce the risk and inefficiencies of their existing operation, the insurer was looking to digitize and automate the application and underwriting decision-making process.
- Reduced time from application to underwriting from weeks to minutes
- Established a 50% straight-through processing rate for all products
- Created a completely digital, omni-channel experience enabling point-of-sale decisions