Axe

Once underwriting has been satisfied an insurance policy and premium amount is offered to the user. At this stage various standard documents, pre-populated with applicant specific policy details, are made available including a policy schedule and any relevant terms and conditions that the applicant must review before deciding whether to accept the offer of coverage at the quoted premium.

If the applicant decides to accept the offer they can click a button which kicks off a process to complete the issuance of the policy. A unique policy number is assigned and details of the policy can be lodged into an existing policy administration system if required.

Various standard documents required throughout the New Business process can be automatically generated using the Windward reporting tool packaged with the Axelerator Insurance Platform software. Documents configurable to meet each insurer’s unique requirements can be created and pre-populated in .pdf .docx or .xlsx formats. These documents can then be sent via email or other mediums, and stored and linked to the corresponding insurance application or policy record.

Many standard templates are provided including needs analysis overview, quote document, application details summary, letters and policy schedules.

Inbound scanned documents, images and voice recordings can also be processed and linked to the corresponding application record.