NewgenONE P&C Underwriting
AI-first P&C Underwriting Software.
Overview
Newgen's Underwriting Solution for P&C insurance is built on the NewgenONE low-code platform. It is designed to digitize and automate the end-to-end underwriting journey. The solution leverages AI for risk analysis, including duplication and sanctions checks. A key feature is the ability to facilitate virtual risk inspections for COPE (Construction, Occupancy, Protection, and Exposure) evaluations, reducing the need for physical site visits. It integrates with geocoding and locational intelligence services to provide deep risk insights, aiming to reduce policy issuance time and improve accuracy.
✨ Key Features
- AI-driven risk analysis
- Virtual risk inspection for COPE evaluation
- Low-code process automation platform
- Advanced integration with geocoding and locational intelligence
- Intelligent case intake and risk scoring
- Enhanced collaboration tools
🎯 Key Differentiators
- AI-first approach integrated into a low-code platform
- Unique virtual risk inspection capability for COPE evaluation
- Strong in content services and process automation
- Deep integration with locational and geospatial data
Unique Value: Combines a low-code platform with unique AI-driven features like virtual COPE inspections to significantly accelerate and improve the accuracy of P&C underwriting.
🎯 Use Cases (4)
✅ Best For
- Reducing policy issuance time by up to 40%
- Improving accuracy with AI-driven risk analysis
- Expediting risk assessment through virtual inspections
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Life and health insurance
- Companies not seeking a platform-based, low-code approach
🏆 Alternatives
Unlike pure-play underwriting workbenches, Newgen provides a full low-code platform that can automate processes beyond just underwriting. Its virtual inspection feature is a key differentiator from other process automation tools.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Available tier)
🔒 Compliance & Security
💰 Pricing
Free tier: N/A
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