Compete more effectively for broker business
Axelerator for General New Business
Deliver faster turnaround on quoting and underwriting to your brokers and agents by replacing manual processes and spreadsheets with a modern automated new business system. Achieve straight through processing and increase your policy acceptance rates in the highly competitive general insurance market whilst reducing operational costs, minimizing staff overheads and maximizing profitability.
Axelerator General New Business is an innovative insurance software platform, which is delivered as a Working Model for automating all stages of the new business process from quote through to rating and policy issue. It manages the application of complex underwriting rules and rates for calculating premiums, delivers electronic underwriting and supports your brokers and agents throughout this process. The software comes ready to be configured to apply your company specific guidelines, products, underwriting, rating, pricing and processing rules.
It can be integrated with existing systems and the user interface can be configured to reflect your company’s brand or brands. The application supports both Commercial and Personal lines of business all from a single platform.
Business Velocity in General Insurance
Gain a competitive edge by providing high speed service to brokers. Drive controlled growth with the flexibility to make fast changes to products, rating and processes to keep pace with the market.
- Control your rating and underwriting rules
- Deliver a consistent underwriting process for all products
- Gain the flexibility to adapt quickly to market requirements
- Provide underwriters the tools they need
- Gain insight through reporting and dashboards
- Sell and support all lines from a single platform
Changes can be implemented by the business directly to adapt quickly to new requirements and market opportunities.
Axelerator Platform Functionality
The Axelerator Insurance Platform provides many key features underlying the New Business Working Model
Quote & Apply
Full automation of the processes of applying for personal or commercial insurance
Underwrite & Assess
Seamlessly complete underwriting and assessment of the application
Approve & Policy Offer, Accept & Issue
Offer of a policy and premium amount to the applicant