Our Services
Rules Engines
Partnering companies through every step of the lifecyle
In markets where, for the consumer, applying for life or disability cover needs to be as simple, quick and easy as possible – and preferably a ‘one-stop shop’ – an underwriting rules engine is essential. It ensures that the relevant risk information is captured, and processes that information to provide an underwriting decision straightaway. A rules engine underpins large-scale tele-interviewing or can be used at the point of sale to give an instant acceptance.
But rules engines offer far more than a quicker, faster new business process. They ensure that underwriting philosophy is applied consistently and provide the sort of management information that underwriting managers once only dreamed about.
As an international risk management consultancy with unparalleled knowledge in this arena, SelectX has worked with underwriting rules engines and their users for over 20 years in many different mature insurance markets.
We have worked with vendors, reinsurers, insurance companies and distributors – not as technology partners but as risk management and underwriting experts who create the “intelligence inside”, the knowledge base which drives decision-making.
We know all the products available, we have seen them in operation, and often we have developed the knowledge base and refined and updated the rules to work optimally for a company. We understand the needs of the business and how this translates to the business requirements for an engine.
We know what works… and what doesn’t.
Whether companies are at the early stages and thinking about the opportunities implementing a rules engine could present, or whether an engine has been in use for some time, click the following links to see how SelectX is the ideal partner to take companies to the next level.
Existing System Maintenance and Review
Alternatively, download our Rules Engines brochure here.
