innovation@axegroup.com.au

Life Insurance

Axelerator quickly automates your life underwriting and processing guidelines to provide them to your staff, intermediaries, agents and even to your direct channels, utilising your most important asset - your insurance expertise and know-how.

Leverage your pricing and underwriting rules that make your business competitive. This will enable you to:

  • Increase your New Business Premium by providing better, more consistent service across either single or multi-lives.
  • Lower your operating ratios by allowing intermediaries and agents to do intelligent straight-through-processing.
  • Minimize your lapse rates and lower your PMARs
  • Respond quickly to competitive threats and new product opportunities
  • Integrate your underwriting with front-end and administration systems and processes

Rules and rates can be written and maintained by business people. Your rules control your premium calculation, or intelligently evaluate the risk - just like your paper underwriting guidelines require, only more effectively.

Selected staff, intermediaries and clients are led through user-friendly screens to collect only the data required for Axelerator to make a decision.

To assist with a speedy delivery, Axelerator comes with a life underwriting ruleset module. This ruleset has underwriting rules that can be used "out of the box", or quickly tailored to meet your particular needs.

The workflow of Axelerator supports referrals, PMARs, decline notification, reinstatements, overriding of premiums, adding of endorsements and wordings, and audit trails to keep a history of your underwriting.

Axelerator provides you a proposal tracking system that is instantly kept up-to-date. You can search this register by application or client status and easily see what are the most urgent and important clients to consider.