Case Study: Data-Driven Automated Underwriting

Add a title
#F2F2F2
NaN
true
false
Pipe Position
Image
Add a title
#F2F2F2
NaN
false
false
left
Image
Add a title
Hex Color
NaN
false
true
left
Image

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.

Add a title
#f2f2f2
NaN
false
false
Pipe Position
Image
Add a title
#000000
NaN
false
false
Pipe Position
Image

The Challenge:

 

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.

 

 

 

Add a title
#ffffff
NaN
false
false
Pipe Position
Image

The Results:

  • 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


Add a title
#F2F2F2
NaN
false
false
Pipe Position
Image

Download Your Copy
of the Case Study Today 

Add a title
#FFFFFF
NaN
false
true
right
Image
required
Add a title
#000000
NaN
false
false
Pipe Position
Image

Still Curious?  

Learn how the Aura Next underwriting platform effectively supported this digital transformation initiative. Download your copy of the case study today.

More Solutions from RGA

Group of out of focus businesspeople clustered around microphones
Articles March 2024
Insurance Roundtable: Harnessing Structured Underwriting Data for Automation, Innovation, and Accuracy Read More
A grandfather sits with two smiling grandchildren on his lap
Articles January 2024
Accelerated Underwriting Analysis: Examining today’s accelerated underwriting and its bright future Read More
A female athlete soars over a single hurdle
Articles November 2023
5 Obstacles to Implementing Automated Underwriting and How to Overcome Them Read More
A man smiles while explaining a document to a colleague
Articles October 2023
RGA Global Mental Health Survey Part III: Underwriting Read More
Five Facts About Alternative Underwriting Evidence
Videos June 2023
Five Facts to Know About Alternative Evidence Read More
Risk-Assessment-Going-beyond-underwriting-for-optimization
Articles May 2023
Risk Assessment: Going beyond underwriting for optimization Read More
Image of streaks of light over urban landscape
Articles April 2023
Streamlining Accelerated Underwriting Means Reconsidering Manuals Read More
Articles March 2023
Accelerated Underwriting: Maximizing its future Read More
Image of labwork
Articles March 2023
Global Health Brief: Experimental Treatments – Current Considerations Read More
Articles January 2023
Right to Underwrite: Navigating an evolving global landscape Read More
Articles February 2023
RGA's 2022 Surveys Round-Up and Trends to Watch Read More
Image of family walking through airport
Articles December 2022
Assessing Foreign Travel Risk Presents a Moving Target Read More
Accelerated underwriting - blurs of traffic in urban streetscape
Articles December 2022
When Accelerated Underwriting Makes Sense: Seven factors to consider Read More
AURA image and underwriting acceleration
Articles October 2022
Evolution of Automated Underwriting Points to Accelerated, Personalized Future Read More
Busy Corporate headquarters
Articles September 2022
Accelerated Underwriting and COVID-19: Life Insurance Lessons Learned Read More
Research and White Papers September 2022
A New Era of Infectious Diseases - What we should know about what we don't know Read More
Articles August 2022
Underwriting Considerations for NCAA's NIL Policy: A New Class of Professional Athlete? Read More
Transgender Health Coverage: Symbol with transgender colors
Articles August 2022
Transgender Health Coverage: Is Now The Time? Read More
Articles July 2022
Are Accelerated Underwriting and Simplified Issue Converging? Read More
Articles July 2022
Traumatic Spinal Cord Injuries: The underwriting significance Read More