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    Unqork Underwriting Workbench Accelerator

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    Sold by: Unqork 
    Deployed on AWS
    Built with decades of insurance expertise, the AI-enabled workbench streamlines the entire underwriting workflow and is easily customized to your unique business needs with no code development accelerating time to value 5x faster.
    4.5

    Overview

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    Unqork's Underwriter Workbench Accelerator is a pre-built solution on the Unqork no-code platform, specifically designed to accelerate implementation for large insurance carriers. Its core purpose is to provide a modern, rapidly deployable foundation that automates impactful tasks, integrates essential data sources, and enables the consistent application of underwriting guidelines, ultimately improving underwriter efficiency and reducing turnaround times from submission intake to bind/decline. The accelerator enables underwriting teams, who will use the unified, intelligent environment to manage their underwriting activities.

    The solution's six core capabilities deliver end-to-end workflow streamlining. The Intelligent Submission Intake & Triage capability automatically ingests submissions, extracts key data fields from documents like ACORD applications and loss runs using Intelligent Document Processing (IDP), and performs basic checks and configurable routing. The workbench then includes Data Validation, Enrichment, and Management through configurable rules and an integration framework for third-party data like firmographics and sanctions lists.

    For risk analysis, the Foundational Risk Assessment & Decision Support Tools include a configurable rules engine to automate straightforward decisions, a basic scoring framework, and tools for capturing underwriter notes and rationale.

    Finally, Workflow Orchestration & Task Management manages the entire submission lifecycle, providing a centralized task list, generating tasks automatically, and allowing customers to modify workflow stages and referral routing. The platform incorporates Essential Integration Patterns for connecting to crucial external systems like rating engines, Policy Administration Systems (PAS), and document generation tools. The

    User Interface features an intuitive Case/Submission View, a pre-built Underwriter Dashboard with task lists and alerts, and a foundational Role-Based Access Control (RBAC) framework. The success of this MVP will be measured by key metrics, including Time to Deployment, Reduction in Manual Data Entry, and Improvement in Submission Turnaround Time.

    Highlights

    • Increase Revenue: Rapidly launch new products and drive a higher submission-to-bind conversion with faster quotes, smarter triage and increased Underwriter capacity, unlocking new levels of growth.
    • Lower TCO: A centralized platform coupled with AI automated workflows that boost Underwriter productivity enables carriers to scale without adding headcount while reducing IT spend.
    • Adapt and Scale: Equipped with evolving data sources, an extensible data model and workflow builder, and a reusable component-based tech stack. Simplify modernization across UW functions and the entire insurance value chain.

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    Pricing

    Unqork Underwriting Workbench Accelerator

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    Pricing is based on actual usage, with charges varying according to how much you consume. Subscriptions have no end date and may be canceled any time.
    Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator  to estimate your infrastructure costs.

    Usage costs (1)

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    Dimension
    Description
    Cost/unit
    Unqork Underwriting Workbench Accelerator
    The AI-enabled workbench streamlines the entire underwriting workflow.
    $300,000.00

    Vendor refund policy

    All fees are non-cancellable and non-refundable except as required by law.

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    Request a private offer to receive a custom quote.

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    Software as a Service (SaaS)

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    Ratings and reviews

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    4.5
    2 ratings
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    2 external reviews
    External reviews are from G2 .
    Financial Services

    Good low code solution to achieve your optimize your processes

    Reviewed on Nov 01, 2023
    Review provided by G2
    What do you like best about the product?
    Unqork provides a sophisticated platform to make your applications faster. We were able to make our go-to-market product quicker than we would have using coding languages. Also, Unqork didn't stop us from limiting the number of features we planned as it has extensive API and logical capabilities.
    What do you dislike about the product?
    There is a learning curve with this tool, though Unqork University helps with this.
    What problems is the product solving and how is that benefiting you?
    Ship code faster and reliabily
    Vishal P.

    Super Fast and Lesser bug

    Reviewed on Nov 04, 2021
    Review provided by G2
    What do you like best about the product?
    1. No code is required to write ,hence with less experienced or even freshers can be used for software development.
    2. As everything is automated very less bug after production deployment
    3. Efeective and useful Softwares can be build within lesser time frame , and user interface also looks nice with custom themes
    4. Within fewer days entire software can build with proper plan and guidelines.
    5. As it reduces the development time more time can be spent on flow testing and requirement gathering
    What do you dislike about the product?
    Nothing yet as our requirement was ready within record time frame of 55 days ,so our entire team client was very happy
    What problems is the product solving and how is that benefiting you?
    Our client needed a medical portal for displaying all the test results, booking slots, online consultation , blood donation all and that within a limited time frame , so we designed using unqork and delieverd it within given time frame
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