Insurance underwriters face productivity and efficiency challenges due to disorganized workflows and lack of centralized document management. They deal with multiple information sources, requiring continuous monitoring and manual data entry, leading to inefficiencies and errors. The absence of integrated systems results in fragmented workflows and increased time to quote (TTQ) and time to bind (TTB).
Introducing Hexaware rapidX™ for Insurance – The Underwriter Workbench
Hexaware rapidX is a transformative solution crafted to address these pressing challenges in the insurance underwriting landscape. This comprehensive workbench offers a user-friendly interface designed to streamline the management of broker-submitted risks, perform sanction checks, and handle policies with ease. It empowers underwriting teams to embrace digital communications, automate submission workflows, and boost overall productivity, ultimately enhancing the efficiency and effectiveness of the insurance underwriting process.
- Manage submissions coming from various channels (email, trading platform, broker workbench)
- Unified inbox to view and manage submissions
- Channel-Specific Templates to streamline communications
- Insurance submission management workflow
- Automated Data Extraction (Email, Quote PDF, MRC Slips etc.)
- Smart Routing
- Easy Collaboration
- Dedicated workspace for underwriters
- Highlight underwriters' tasks
- User can have personalized view of the Screens
- Dedicated dashboard to measure the important submission KPIs
- Dynamic reporting
- Trend Analysis
First release of the app
Xanadu family version
Plugin dependency - Financial Service Core