New Business

Drive sustainable growth with new business straight through processing for life insurance


Axelerator for Life New Business


Achieve straight through processing for new business by replacing spreadsheets and manual processes for needs analysis, quoting, underwriting, approval and policy issue using smart forms and automated fulfilment. Serve your clients, advisors and funds better by increasing cleanskin rates, delivering and releasing new products and pricing strategies faster to market and improving your underwriting services.

Axelerator Life New Business is an innovative insurance software platform for automating market-facing new business processes. It is delivered as a Working Model and comes ready to be configured to apply your company specific guidelines, products, underwriting, pricing and processing rules.  The resulting insurance system will have an exact business fit for your company's needs.  It can be integrated with existing IT systems and the user interface can be tailored to reflect your company’s brand or brands.


Competitive Advantage


Axelerator provides insurers with a competitive advantage by automating all aspects of the new business process. The key benefits are:
  • Speed to Market: deliver product launches, service enhancements and new initiatives quickly
  • One-touch: use straight-through processing (STP) to maximize cleanskins, reduce cycle time and save costs
  • Intermediary/Client Services: provide tools to write business in real-time, self-help portals and reporting
  • Operational Efficiencies: handle electronic and paper applications, including workflow for referrals and follow ups
  • Streamlined Processing: avoid duplicate effort, reduce errors and speed fulfilment by integrating to other systems
  • Knowledge Capture: embed knowledge in rules for higher throughput and to free specialists for value-add activities
  • All Channels: support Retail, Group, Direct and Bancassurance channels from a single platform


  • Needs Analysis, Quote & Apply

    Axelerator delivers full automation of the processes for applying for life insurance

  • Underwrite & Assess

    Once the insurance application has been completed and submitted, seamlessly process underwriting and assessment of the application.

  • Approve & Policy Offer, Accept & Issue

    Once underwriting has been satisfied an insurance policy and premium amount is offered to the user.

  • Axelerator Platform Functionality

    The Axelerator Insurance Platform provides many key features underlying the New Business Working Model

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