Manual processes, outdated systems, and fragmented workflows hold insurers back. Inefficient underwriting operations increase costs, risk exposure, and result in lost opportunities.
Common challenges:
Manual data entry delays processes, introduces errors, and affects productivity.
Outdated risk models lead to mispricing and missed insights.
Lack of standardization creates inconsistent risk assessments.
Scaling operations becomes difficult with growing demand.
Fragmented systems hinder cohesive workflows and efficiency.
EXL Impact
Why do leading insurers choose EXL?
Top 9
of the top 10 global insurance companies
50%
reduction in manual processing using automated underwriting platform
40%
reduction in underwriting decision times
20-25%
improvement in straight-through processing rates
Our value to you
We leverage data, AI, and deep domain expertise to transform underwriting processes. Here’s what we bring to the table:
Accelerated workflows
Automate repetitive tasks for enhanced speed and accuracy.
Enhanced risk models
Use predictive modeling for more precise underwriting risk assessment.
Cost-efficient solutions
Reduce costs by up to 35% via underwriting process automation.
Regulatory compliance
Ensure processes align with industry best practices.
Scalable operations
Seamlessly manage increased activity volumes without sacrificing quality.
Proven results
Our results demonstrate how we help insurers streamline and succeed.
40%
faster underwriting decisions
35%
reduction in operational costs
30%
shorter underwriting cycles
50%
fewer manual process errors
Service offerings
Simplify the underwriting process with our tailored solutions:
Optimize any underwriting system:
our solutions drive efficiency in both
life and commercial insurance.
Why partner with EXL?
With EXL, you gain a partner that combines human expertise with AI-driven technology to achieve better results.
Unmatched expertise
Specialized knowledge in insurance underwriting software solutions for the P&C and L&A sectors.
Advanced technology
Stay ahead with cutting-edge analytics and AI.
Proven success
Delivering measurable results to leading global insurers.
End-to-end solutions
Scalable systems tailored to every aspect of underwriting.
FAQs
Don’t settle for outdated underwriting
processes. Take charge of your business
with EXL’s innovative underwriting solutions.