Our platform is designed to seamlessly integrate automated and underwriter-assisted decisioning.
Underwriters can optimize their time with risk-based underwriting, which focuses underwriters’ attention on the greatest sources of risk. Create more efficient processes and approve more cases without hiring additional underwriters.
A streamlined underwriting process will improve advisor and customer experience, allowing you to capture more advisor share of wallet and convert more customers to policyholders.
Our rules manager and configuration tools allow business users to adjust product and risk parameters without development support.
Fewer pdfs, more streamlined user experience, and more information that can be used to draw business insights via analytics.
Provide advisors and customers with faster decisions by pre-approving customers for different products and face amounts without going through underwriting again.
Reduce risk and increase underwriting efficiency by up to 50%. Our risk tiles allow underwriters to focus their attention where it’s most needed so they can make decisions more quickly.
One platform to continuously update your rules and risk parameters without technical assistance and connect to external rules engines without impacting the user experience.
Integrations with leading third-party data sources to create a one-stop-shop for your data analysis.
Statistics based on one Haven Technologies client experience as of 06/2022. Actual experiences may vary.
“Our platform is a hybrid of both human and algorithmic underwriting - and how much manual or human underwriting is involved, versus how much algorithmic underwriting is involved, is up to the client. Our underwriter solution module helps to grow revenue faster through the sales efficiency and underwriting speed, delighting not just the company and the underwriters but advisors and clients.”Alan Yu Haven Technologies Product Owner and Former Underwriter
Experience from Real Underwriters
The average underwriter spends less than 1/3 of their time on actual underwriting. Over ½ of underwriters say technology has had no impact or has increased their workload.*
Our blueprints are designed by underwriters for underwriters to help reduce workload, optimize processes and increase productivity.
Increased underwriter efficiency of 50%.—tackle more cases without hiring more underwriters.
Had 4.5 days median time labs received to offer made.
Realized 80% customer conversion from application submission to policy issuance.
Statistics based on one Haven Technologies client experience as of 06/2022. Actual experiences may vary.
*Michael Reilly, Why Underwriters Don’t Underwrite Much, (Insurance Blog, Accenture, 2022)
We started with a blank sheet of paper, so you don’t have to.
Jumpstart the development of your fluidless underwriting with RegiLife. We provide a template for fluidless underwriting that can sit on top of your existing underwriting program and our Accelerator Team can help you define your goals and optimize the program to meet your needs.
|
Inputs
A defined set of risk buckets that should be considered in the app and data sources |
Rules Set
Each risk bucket is assigned a set of pre-configured rules |
Output
Determine whether each case qualifies for an instant decision, needs additional info or should be routed to full underwriting |
Client Experience
The program will assign a rate class instantly or provide underwriters an outline of next steps |
|---|---|---|---|
| Insurance Application |
Rules Engine | Instant Decision | Assign a rate class or decline class |
| Additional Info Required | Recommend additional data that can be used to keep case down fluidless path |
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| Data Sources | |||
| Route to Full Underwriting |
Define cases that are not eligible for a fluidless decision |
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We’re in the business of making life better by helping our clients transform their business. See how we’ve helped our clients improve their digital experience and expand their distribution.
The story of how GraceKennedy Financial partnered with Haven Tech to expand it’s life insurance distribution in seven Caribbean countries.
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How we leverage our expertise to help accelerate your business.
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The story of how we modernized life insurance purchasing for a 172-year-old carrier.
DownloadThe best way to understand our technology is to learn from the people behind it. Hear our experts explain what makes our platform special.
Alan Yu shares a little bit about how we streamline the risk assessment process for underwriters.
When I was little I wanted to grow up to be a: Civil Engineer
https://play.goconsensus.com/05ef08e6?autoplay=0 play video
Erika Dochney talks about how Haven Technologies can help you create products that are easy for customers to understand.
A food that I'm particularly good at making is: 48 Hour Chocolate Chip Cookies with Flaky Sea Salt
https://player.vimeo.com/progressive_redirect/playback/834456423/rendition/1080p/file.mp4?loc=external&signature=e1dfb09c2709243584adafaf38c493293d9b6208f33c6171b14ac51edbacaae2 play videoAre you a carrier ready to talk about what's next? A potential colleague? Or, do you just have a question about where our offices are located? No matter what, we want to hear from you! Drop us a line and we’ll get in touch ASAP.
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