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Average Ratings 0 Ratings
Description
Predicting the future can be challenging while trying to stay aligned with current trends. To thrive in the highly competitive life insurance industry, it is essential to implement a strategic underwriting solution that is designed for both present needs and future challenges. AURA NEXT goes beyond a standard rules engine; it is a cloud-based decision management platform that is prepared for the future. At the point of sale, AURA NEXT delivers the most accurate and comprehensive decisions swiftly through data-driven underwriting and smooth integration with various front and back-end processes. As consumer preferences evolve, it is crucial to have agile and secure underwriting technology that ensures preparedness for future demands. Built on the robust Amazon Web Services (AWS) cloud, AURA NEXT can efficiently manage fluctuating demands, boasts impressive scalability, and seamlessly connects with existing legacy systems while accommodating multiple distribution channels. Additionally, its data visualization capabilities offer valuable insights, allowing for the extraction of meaningful metrics and key performance indicators that facilitate informed and strategic operational decisions. Consequently, organizations using AURA NEXT can enhance their competitive edge and adapt to the ever-changing landscape of the life insurance market.
Description
Streamline the risk assessment process by reducing the number of locations that underwriters and staff need to evaluate from 15 to just 1. Provide real-time insights into appetites, winnability, and guidelines, ensuring that the most promising business opportunities rise to the top of the underwriter’s workload. Equip underwriters to make informed decisions that align with the organization's overarching goals and strategic direction. Employ visual tools to track risk accumulations, actively manage the portfolio, and steer underwriters towards the most favorable outcomes. Relieve underwriters and staff from tedious tasks such as completing paperwork and searching for risk information and underwriting guidelines. Customized workflows for new business, renewals, and referrals integrate goal-setting, performance monitoring, comprehensive account data, and risk assessments. Our innovative platform enhances risk selection and provides portfolio-aware insights, making it easier for underwriters to navigate the final stages of underwriting and core operations through a user-friendly workflow crafted specifically for their needs. By implementing these advancements, the efficiency and effectiveness of the underwriting process will be significantly improved, ultimately benefiting the entire organization.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Reinsurance Group of America
Country
United States
Website
www.rgare.com/aura-next
Vendor Details
Company Name
Federato
Country
United States
Website
www.federato.ai/
Product Features
Insurance Policy
Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management
Product Features
Insurance Underwriting and Rating
Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating
P&C Insurance
Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Marketing Automation
Policy Management
Quote Management
Reinsurance Administration
Underwriting Management