innovation@axegroup.com.au

Pricing and underwriting

No matter whether your premium calculations and underwriting are rating table-driven or a complex perils-based model, Axelerator can quickly automate your premium calculations and underwriting rules to provide them to your staff, intermediaries and even to your direct channels. Your underwriting rules can be quickly deployed over the internet or over your intranet to leverage your most important asset – your underwriting expertise.

Complete automation of your spreadsheet calculations and underwriting guidelines can be done in weeks instead of months.

Rules and rates can be written and maintained by business people. Your rules can control your premium calculation, or intelligently evaluate the risk. And the rates can cover your Australian insurance taxes such as Stamp Duty, GST, FSL, Terrorism levy and Australian Standards lookups.

Axelerator provides you a quote register that is instantly kept up-to-date. You can easily search this register by quote status, and easily see what are the most urgent and important quotes to consider.

Axelerator supports full life-cycle transactions including: quote, policy binding, referrals, closings, posting, endorsements, amendments, cancellations, renewals, lapses and reinstatements. It can be your “Underwriter in a Box” and speak on a machine-to-machine basis with other systems about what underwriting steps are necessary to quickly and accurately price and underwrite your risks.