Swiss Re, Appian expand underwriting tool to APAC

The solution is integrated with Swiss Re's automated underwriting system.

Following the launch of Connected Underwriting Life Workbench in North America last year, Appian announced its expansion to select countries in Asia Pacific, Europe, the Middle East, and Africa (EMEA) in partnership with Swiss Re. 

This solution is integrated with Swiss Re's automated life insurance underwriting system, Magnum, is said to boost the underwriting process by improving productivity and user experience. 

Traditionally, underwriters had to log into multiple systems to access information, perform risk analysis, and manage case information, leading to inefficiencies.

Modern underwriters need a single system to handle their entire workload seamlessly. The Appian Connected Underwriting Life Workbench offers a unified, secure platform that connects data, unifies workflows, and automates processes. 

Key benefits include:

1. Intelligent case and workload management, which automates workload assignments and provides comprehensive case data, enabling more informed and efficient decision-making.
2. Automated underwriting processes, which increase straight-through processing and expedite policy issuance by integrating underwriting and risk management rules with third-party data.
3. Improved customer and underwriter experience by reducing wait times, minimising manual errors, and simplifying communications, leading to faster policy issuance and higher client satisfaction.
4. Enhanced risk management and profitability by connecting data sources for comprehensive policy analysis, using AI to determine policy effectiveness, and meeting SLAs to manage costs and increase profits.