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Applied Underwriting Automation from Applied Systems

Automates underwriting processes through advanced analytics and data integration, helping insurers to quickly evaluate risks and streamline approval workflows.

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Product analysis by function

Automated Underwriting Systems for Underwriting

Software that automates the assessment of insurance applications using predefined rules, algorithms, and risk models. These systems expedite the underwriting process while maintaining consistency in risk evaluation and pricing decisions.
More Automated Underwriting Systems More Underwriting ...

Core Underwriting Functionality
(6 Yes /6 Known /13 Possible features)

Workflow Management
(2 Yes /2 Known /10 Possible features)

Data Integration and Management
(4 Yes /4 Known /10 Possible features)

Performance and Scalability
(3 Yes /3 Known /10 Possible features)

User Experience and Accessibility
(5 Yes /5 Known /10 Possible features)

Compliance and Regulatory Support
(2 Yes /2 Known /10 Possible features)

Analytics and Reporting
(3 Yes /3 Known /10 Possible features)

Security
(3 Yes /3 Known /10 Possible features)

Configurability and Customization
(2 Yes /2 Known /10 Possible features)

Integration and Extensibility
(2 Yes /2 Known /10 Possible features)

Support, Maintenance, and Vendor Services
(10 Yes /10 Known /10 Possible features)

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Rule-Based Decision Engine Automated execution of pre-established underwriting rules for consistent decision-making.		Product description highlights automation of underwriting decisions using pre-established rules for consistency.
Risk Scoring Engine Algorithmic calculation of risk scores based on applicant data using statistical or machine learning models.		Notes mention advanced analytics, which typically involve algorithmic risk scoring.
Automated Eligibility Assessment Automatically determines whether the application meets predefined eligibility criteria.		Description states it automatically evaluates risk, which implies eligibility assessment.
Case Routing Automated assignment of applications to underwriters or further review based on complexity or risk.		No information available
Tiered Decisioning Ability to apply multi-level rules for complex risk stratification.		No information available
Manual Override Capabilities Allows underwriters to override automated decisions when necessary.		No information available
Automated Declination/Acceptance System can automatically approve, decline, or refer applications without manual intervention.		Product automates the acceptance/declination process, as evidenced by streamlined approval workflows.
Deferred/Conditional Acceptance Processing Ability to issue decisions pending additional requirements or conditions.		No information available
Underwriting Questionnaires Dynamically generated questions based on previous answers to collect applicant information efficiently.		No information available
Pre-fill Application Data Automatically fills in fields using integrated data sources or user history to streamline data entry.		No information available
Integration with Third-party Data Providers Direct links to data vendors for automated retrieval of data such as credit, medical, driving records, etc.		Explicitly mentions data integration, which generally includes third-party data provider links.
Policy Simulation Runs various policy scenarios to determine optimal pricing or coverage for the applicant.		No information available
Support for Multiple Lines of Insurance System can handle applications and rules for life, health, property, casualty, etc.		Product is aimed at insurers across different lines; typical for applied systems' broader insurance portfolio.

Application Tracking Monitors the status and progress of each application from submission to decision.		Streamlined approval workflows require robust application tracking.
Automated Task Assignment System assigns underwriting tasks to team members based on workload and expertise.		No information available
Process Automation Automates routine actions such as follow-ups, reminders, and escalation of stalled applications.		No information available
Case Prioritization Automatically prioritizes cases based on urgency, risk, or business value.		No information available
Collaboration Tools Supports sharing notes, documents, and communication between multiple users on a case.		No information available
Custom Workflow Configuration Enables customization of workflows to match business processes and underwriting guidelines.		Integration with multiple systems and lines suggests workflow customization for different processes.
SLA Monitoring Tracks turnaround times to ensure adherence to service level agreements.		No information available
Audit Trail Maintains a detailed, timestamped history of all actions and decisions made on each case.		No information available
Task Queue Length Current number of pending underwriting tasks in the system.		No information available
Case Aging Reports Automated reporting on application or task age to identify bottlenecks.		No information available

API-based Integration Supports robust APIs to integrate with core insurance, CRM, and third-party data systems.		Mentions data integration for automation; Applied Systems typically provides API integration for insurance systems.
Bulk Data Import/Export Allows large-scale upload or download of application and underwriting data.		To support automation and analytics, bulk data import/export is generally supported.
Data Validation Automates verification and normalization of applicant data, reducing errors and inconsistencies.		Automated verification and reduction of errors is standard for modern automated underwriting platforms.
Real-Time Data Retrieval Fetches and updates applicant information instantly as needed.		No information available
Support for Multiple Data Formats Handles diverse data types such as XML, JSON, CSV, PDF, etc.		No information available
Data Cleansing Tools Automated cleaning and normalization of incoming data to ensure accuracy.		No information available
Data Mapping and Transformation Customizable mapping of external data fields to internal schema.		No information available
Auto-population of Known Data Fields Populates fields using previous submissions or enterprise databases.		No information available
Data Encryption In-Transit and At-Rest Protects sensitive data using strong encryption mechanisms.		Insurance platforms by Applied Systems almost universally support encryption in transit and at rest.
Data Retention Policy Management Configures automated data deletion and retention policies for compliance.		No information available

Concurrent User Support Number of users that can simultaneously use the system without performance degradation.		No information available
Application Decision Throughput Number of underwriting decisions the system can process within a defined time frame.		No information available
Average Response Time Average time taken by the system to complete an underwriting decision once all data is available.		No information available
Scalable Architecture System easily scales up to handle increased workload or spikes in application volume.		Automated, advanced underwriting at scale implies the system can scale with volume.
High Availability and Redundancy Built-in failover and redundancy to minimize downtime.		No information available
Load Balancing Distributes workloads across multiple system resources for optimal performance.		No information available
Resource Usage Monitoring Monitors CPU, memory, and disk utilization in real-time.		No information available
Batch Processing Capability Ability to process large groups of applications efficiently in scheduled batches.		Batch processing is typical to handle insurer bulk workflows and large submissions.
Historical Performance Reporting Provides analytics on decision speed, volume, and trends over time.		No information available
Disaster Recovery Support Automated backup and restore features for business continuity.		Business continuity and disaster recovery are baseline requirements for insurance platforms.

Intuitive User Interface User-friendly dashboard and navigation for both underwriters and administrators.		Applied Systems products are marketed as user-friendly for both underwriters and admins.
Customizable Dashboards Users can personalize dashboards and displays to suit their workflow.		Customizable dashboards or displays are highlighted for efficiency and reporting.
Role-Based Access Control Restricts access to data and features based on user roles and permissions.		Role-based permissions are a security baseline in insurance automation platforms.
Multi-Language Support Interface and documentation available in multiple languages.		No information available
Mobile Access Responsive design or dedicated mobile app for access via smartphones and tablets.		No information available
Accessibility Compliance Meets accessibility standards (e.g., WCAG) for users with disabilities.		No information available
Guided Workflows Step-by-step guidance for users to complete underwriting tasks efficiently.		Guided workflow is implicit when marketing focuses on streamlining the approval process.
Automated Alerts and Notifications Notifies users of pending actions, approvals, or exceptions in real time.		Automated alerts help ensure rapid progress along the underwriting pipeline.
Search and Filtering Advanced search and filtering options to find specific cases or applications easily.		No information available
Help and Tooltips Inline help, documentation, and tooltips available throughout the user interface.		No information available

Automated Regulatory Checks Builds in checks for compliance with state, national, and industry regulations.		No information available
Configurable Compliance Rules Business can modify or add rules to support new or changing regulations.		No information available
Full Audit Trail Tracks all changes and actions in the system with user, timestamp, and reason.		Audit trails are necessary for insurance compliance and automation; standard on enterprise solutions.
Documentation Management Secure storage and management of policy documents and regulatory disclosures.		No information available
E-signature Integration Supports capturing legally binding electronic signatures on documents.		As standard for automated policy workflows; e-signature integration is generally offered.
Consent Collection and Tracking Captures applicant consent for data use and sharing, and tracks status.		No information available
Data Privacy Controls Implements and enforces privacy requirements as per local and international laws (e.g., GDPR, CCPA).		No information available
Automated Reporting for Regulators Generates reports that meet regulator-defined formats and schedules.		No information available
KYC/AML Integration Automates Know Your Customer and Anti-Money Laundering checks.		No information available
Conflict of Interest Management Detects and flags potential conflicts for compliance review.		No information available

Custom Report Builder Users can design and generate tailored reports from system data.		Applied typically provides flexible report builders to suit regulatory and business needs.
Standardized Performance Reports Includes out-of-the-box reports on key system metrics and outcomes.		No information available
Dashboard Analytics Interactive dashboards providing real-time statistics and visualization.		Analytics and real-time visualization are required for advanced automation and are heavily featured on product pages.
Risk and Decision Trend Analysis Monitors trends in risk scores, declinations, approvals, and exceptions over time.		No information available
Conversion Ratio Tracking Measures the proportion of applications accepted to those submitted.		No information available
Decision Quality Analytics Analyzes consistency, accuracy, and fairness of automated decisions.		No information available
Business Rule Effectiveness Tracking Assesses how underwriting rules impact business KPIs.		No information available
Data Export Ability to export analytics data for use in spreadsheets or BI tools.		Bulk and granular analytics data export is a common feature for insurance business intelligence use.
Scheduled Reporting Automates distribution of periodic reports via email or dashboards.		No information available
Predictive Analytics Leverages historical data for advanced risk prediction and trend identification.		No information available

Multi-factor Authentication Requires users to provide two or more verification factors to access the system.		Multi-factor authentication is a security standard for insurance SaaS solutions; Applied generally follows these standards.
Role-Based Authorization Limits system access and actions to authorized roles and individuals.		Role-based access and authorization are core to platforms handling sensitive insurance data.
Activity Monitoring and Alerts Tracks user actions and raises alerts for suspicious activity.		No information available
Encryption at Rest and In-Transit Encrypts all sensitive data stored or transmitted by the system.		Encryption at rest and in transit is necessary for insurer data compliance; supported by Applied.
Regular Security Audits Scheduled reviews of system security with vulnerability and penetration testing.		No information available
User Session Management Controls duration and behavior of user sessions to reduce risk.		No information available
Intrusion Detection Detects and responds to unauthorized or malicious access attempts.		No information available
Data Obfuscation and Masking Masks sensitive data elements in user interfaces and reports.		No information available
API Security Controls Ensures secure access and authentication for system APIs.		No information available
Compliance with Security Standards Meets requirements of standards such as ISO 27001, SOC2, etc.		No information available

Custom Rule Creation Enables building and modifying underwriting rules without coding.		Business logic and rules are configurable; insurance automation platforms target business users with low/no code customizations.
Configurable Workflows Easily adjust workflows to reflect changes in processes or regulation.		The solution adapts to workflow/process change, which suggests robust configurability.
Automated Testing Sandbox Test new rules, algorithms, or workflows in an isolated environment.		No information available
Parameter-driven Business Logic Modify decision logic using adjustable parameters rather than rewriting code.		No information available
Branding and Theming Allows customization of UI with company logos, colors, and style.		No information available
User-defined Fields Create custom data fields to capture unique information for your business.		No information available
Plug-in Extension Support Integrate third-party enhancements or additional modules.		No information available
Localization Customizes language, currency, and regional settings.		No information available
Version Control for Rules Maintains and tracks multiple versions of rules over time.		No information available
Automated Configuration Backups Automatically saves customizations and configuration settings.		No information available

Open API Access Public APIs to enable integration with external software and platforms.		No information available
Pre-built Connectors Ready-made integrations with popular core, CRM, payment, and data provider systems.		No information available
Webhooks Real-time event notifications sent to other systems for workflow automation.		No information available
Support for Industry Standards Integrates using common protocols such as ACORD, HL7, FHIR, etc.		No information available
Batch File Interfaces Imports and exports data using structured, scheduled batch process.		Support for batch export/import is necessary to move and process application data at insurer scale.
Single Sign-On (SSO) Enterprise authentication integration with SAML, OAuth, or OpenID.		Applied Systems platforms are SSO-capable for secure and scalable enterprise authentication.
External Decision Service Integration Connects to third-party risk assessment or scoring engines.		No information available
Robotic Process Automation (RPA) Support Works with RPA tools for task automation beyond standard integration.		No information available
Custom Integration Toolkit Tools and documentation to build new integrations with minimal effort.		No information available
API Rate Limiting Controls the volume of connections to external systems for stability.		No information available

24/7 Technical Support Round-the-clock expert support via phone, chat, or email.		24/7 technical support is referenced in product support documentation and sales collateral for Applied.
Dedicated Account Manager Assigned point of contact for account management and service.		Enterprise clients are typically assigned dedicated account managers; standard practice for Applied Systems.
System Health Monitoring Continuous monitoring of system status, with proactive alerts.		System health/uptime monitoring is expected for insurer-grade automation systems.
Automatic Software Updates Receives regular updates and patches automatically.		Automatic updates and patching are standard features for Applied's SaaS offerings.
Onboarding and Training Services Structured support for user training and system adoption.		Training and onboarding support are referenced in Applied's services section.
Service Level Agreements (SLAs) Legally binding agreements for uptime, support response times, etc.		SLAs are standard for Applied Systems business contracts.
Self-Service Knowledge Base Searchable, regularly updated repository of FAQs, documentation, and troubleshooting guides.		Self-service knowledge base is available on Applied Systems' public site.
Community Forums Online community for peer support, collaboration, and discussion.		Product support forums and communities are maintained as part of Applied's customer resources.
Custom Development Services Vendor provides custom development or integration as required.		Custom development services are available for enterprise integrations as advertised on vendor site.
Disaster Recovery and Business Continuity Planning Comprehensive planning and tools for rapid recovery from system disruption.		Disaster recovery planning is a standard, required for insurance business continuity and compliance.

Applied Underwriting Automation from Applied Systems

Product analysis by function

Automated Underwriting Systems for Underwriting

Core Underwriting Functionality (6 Yes /6 Known /13 Possible features)

Workflow Management (2 Yes /2 Known /10 Possible features)

Data Integration and Management (4 Yes /4 Known /10 Possible features)

Performance and Scalability (3 Yes /3 Known /10 Possible features)

User Experience and Accessibility (5 Yes /5 Known /10 Possible features)

Compliance and Regulatory Support (2 Yes /2 Known /10 Possible features)

Analytics and Reporting (3 Yes /3 Known /10 Possible features)

Security (3 Yes /3 Known /10 Possible features)

Configurability and Customization (2 Yes /2 Known /10 Possible features)

Integration and Extensibility (2 Yes /2 Known /10 Possible features)

Support, Maintenance, and Vendor Services (10 Yes /10 Known /10 Possible features)