Faster and better underwriting decisions through automation
Underwriting automation
90+%
of underwriting evaluations within seconds
20%
or fewer applications require human underwriting
24/7
underwriting capability
Turn Challenges Into Lasting Impact
Underwriting automation that holistically improves the insurance proposition
Life and health insurers must reduce costs to remain competitive while delivering top-tier service. Underwriters face challenges such as complex onboarding, inefficient workflows, and balancing profit margins with societal impacts. They often encounter delays and frustration due to cumbersome paperwork and inconsistent data.
With digital solutions
Faster and sharper risk decisions turned into lasting impact
Velogica delivers instant risk assessments for underwriting, enabling a faster, more seamless customer experience while driving sales. Effortlessly integrating into the acquisition process, Velogica supports diverse products, complex and simple rulesets, and multiple completion methods to handle every case with precision throughout its lifecycle enabling quick decisions and high acceptance rates.
Realise lasting impact
Experience next-level underwriting automation with lightning-fast decisions
Reflexive questionnaires for personalized application journeys
Adaptive questionnaires, built on behavioral economics insights, dynamically adjust based on user responses, ensuring a tailored experience that accurately captures individual needs and preferences.
Precision risk calculators leveraging SCOR's expertise
Utilize SCOR's extensive actuarial and medical knowledge to precisely assess risk. Calculators integrate complex algorithms and real-world data to provide accurate risk evaluations, helping to make evidence-based decisions and optimize risk management strategies.
Inclusive insurance through thorough medical evaluations
Conduct comprehensive medical evaluations to provide fair and accurate coverage options for all individuals. Inclusive insurance solutions guarantee that everyone receives the protection they need, promoting equity and accessibility in insurance offerings.
AI integration and 3rd party data automation for streamlined processes
Leverage AI integrations and data automation to enhance decision-making, improve accuracy, streamline the insurance process, and reduce the need for medical examinations.
Data intelligences for risk and automation insights
Gain real-time insights into your business with advanced process evaluation, customer analytics, and dynamic data visualization. Velogica enhances underwriting precision and accelerates decision-making, empowering you to stay ahead.
Modular SaaS for seamless IT integration enabling flexible adoption
Our white-labeled, modular solution integrates seamlessly with your systems, adapting to your current and future needs. The API-based Integration ensures effortless connectivity and interoperability. Velogica handles dynamic pricing and diverse attributes, empowering smarter, scalable solutions.
Product Modules
Your hub for underwriting automation
Maximize underwriting efficiency with our comprehensive, flexible modules and end-to-end solutions. Velogica offers insurers optimal customization, with various modules that can be used together or alone. Our solutions seamlessly integrate with your existing systems and workflows to enhance underwriting efficiency.
Underwriting Rules Engine
- Integrated with intelligent calculators and predictive models.
- Dynamic risk questionnaires for tailored underwriting outcomes.
- High straight-through processing rate for immediate results.
- User-friendly and secure online interface for applicants.
- Underpinned by SCOR's research and extensive expertise.
Underwriter Workbench
- Centralized platform for swift access to information.
- Application assignment tool and comprehensive case review features.
- Secure document handling and integrated chat functions.
- Email reminders to reduce abandonment rates.
Underwriting Portal
- Supports agents, advisers, bank partners, brokers, and direct-to-consumer channels.
- Intuitive dashboard for creating and monitoring cases.
- Enhanced security with multi-factor authentication and e-signature capabilities.
- Email reminders and quick evidence upload for smooth processes.
- Streamlined operations and expanded reach.
- Modular design integrates seamlessly with any client setup or purchasing flow.
- Multi-factor authentication for data security.
Underwriting Analytics & Reporting
- Optimizes underwriting using data, predictive models, and advanced analytics.
- Tailors product offers and predicts risk categories for quicker decision-making.
- Provides tools for precise performance management and customer behavior analysis.
- Enhances portfolio quality and manages risk profiles effectively.
- Identifies improvement areas to optimize conversion rates and compares business trends with future estimates for informed decision-making.
Benefits of underwriting automation
Precise risk assessments and faster decisions
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DIGITAL SOLUTIONS?
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dedicated teams that you can reach directly.