This site uses cookies for various purposes including enhancing your experience, analytics, and ads. By continuing to browse this site or by clicking "Accept and close", you agree to our use of cookies. If you would like more information on the use of cookies and how to change your browser settings, please read our Cookies page.

New Business Automation

Turn market opportunities into profitability with greater control of the underwriting lifecycle

How many hours do your employees spend looking for important underwriting or policy information each week? If they’re like most knowledge workers, the answer is more than seven hours a week. That puts a heavy strain on both productivity and customer service.

Lexmark’s new business automation solutions can help. Our new business automation solutions streamline new business underwriting by automating inbound document capture and data extraction to intuitively manage new requests while simultaneously enforcing underwriting standards and risk in real time. It removes the need for error-prone manual data entry and tracks applications for accuracy and completeness.

Let's Talk

If you’re ready to know what Lexmark insurance solutions can do for you, contact us now.

Lexmark solutions enable insurers to implement a powerful straight-through processing model to optimize throughput, contain costs, and improve customer service and responsiveness. Our new business automation process improvement solution captures documents and links them to applicant files electronically. The files are then automatically routed to the appropriate underwriters, new business representatives and other associates for immediate action. By providing underwriters with fast and efficient access to critical information and comprehensive risk analysis, Lexmark turns this traditionally slow, paper-intensive process into a collaborative process — lifting underwriter productivity while growing market share and profitability.

Increase Market Share

Simplify and speed up the underwriting process from application to issue with intuitive processes that integrate with existing systems to put business on the books faster and efficiently.

Gain Visibility

Leverage a 360-degree view of every policyholder and enhance decision-making to recommend the best offer based on the policyholder’s unique needs and risk profile.

Speed Processing

Utilize best practices to guide agents, customer service representatives and self-service customers through offers and applications to speed processing and close more business.

Facilitate Collaboration

Facilitate cross-organization collaboration among underwriters, as well as agents, through shared access to all relevant policyholder data throughout the lifecycle of cases.

Meet SLAs

Electronic gathering of clear, accurate underwriting statistics makes it easier to optimize business processes to agreed Service Level Agreements.