Insurance Underwriting Software Solution

Scalo - A Vendor of Intelligent Underwriting Solutions for InsurTech Companies

As your insurance business expands and your employees handle more and more inquiries, they need to pay special attention to rating and underwriting rules. Matching the appropriate rates to your customers’ experience enables stable business growth and protects your company from bankruptcy.

Thankfully, today, insurance agents can shift this responsibility to technology. Automated insurance underwriting software improves the accuracy of insurance risk assessments and minimizes incorrect decisions. So, since then, your staff can offer customers an insurance quote that perfectly fits their lifestyle and enables you to pay a high enough claim to cover damages or medical care.

The Highest Rating Accuracy With Scalo Insurance Underwriting Software

Insurance underwriting and rating software from Scalo opens up plenty of possibilities that improve insurance customer experience. Functionalities based on advanced artificial intelligence algorithms estimate risks with significantly higher accuracy than competitors haven’t discovered this technology yet.

Agents can use the no-code tools for custom underwriting rules management to adjust offers to the situation of a potential client. If an offer is accepted, automated insurance underwriting software has an end-to-end policy issuance process to sign a contract in minutes. The advanced underwriting tools save your insurance agents’ and underwriters’ precious time and help turn more prospects into paying customers.

Main Features of Insurance Underwriting and Rating Software

Advanced Risk Scoring Algorithms

Hand over your insurance risk assessment to advanced algorithms and get a score that accurately reflects your customers' insurance history.

Predictive Analytics and Modeling

Collect detailed data to help you increase the profitability of your business and deliver customers tailor-made services.

Configurable Underwriting Guidelines and Rules

Easy-to-use insurance underwriting and rating software solutions can be customized by every insurer without knowing complex technologies.

Policy Issuance and Management

Automated policy administration allows closing deals in minutes after getting approval of the insurance terms.

Real-Time Data Feeds and Updates

Real-time data updates give all agents and brokers access to the latest information on newly signed contracts and changes in insurance histories.

Secure Storage and Retrieval of Documents

Cloud-based underwriting software for insurance companies means easy access to data from any location and high-level security for sensitive customer information.

Tools to Ensure Compliance with Regulatory Requirements

Scalo custom insurance underwriting software has tools that check the compliance of an offer with the latest legal changes and suggest whether it should be updated.

Workflow Automation for Underwriting Processes

Automating the time-consuming elements of the underwriting workflow will allow your employees to focus on the conversion of prospects into customers instead of constant paperwork.

Refine Customer Experience in the Insurance Industry

Scalo underwriting software for insurance supports you in turning leads into paying customers.

What Do You Get With Scalo Custom Insurance Underwriting Software?

Scalo underwriting software for insurance agencies is an integral part of the advanced insurance company. AI-based solutions predict risks with unprecedentedly high probability and recommend the most suitable insurance options for potential clients. Intelligent risk assessment correlates with dynamic pricing, which suggests insurance rates depending on a customer’s history.

Automated insurance underwriting software also provides tools to manage reinsurance treaties and arrangements. In a matter of minutes, the agent can close the deal with the potential customer, as the system will autonomously issue the contract based on the data received.

Custom insurance underwriting software seamlessly integrates with your insurance CRM system. All sales data can be uploaded to a general company database. Your agents will save the time previously spent on entering information and receive regular updates on expiring contracts or hints about upselling additional life insurance products for specific policyholder groups.

Exclusive Customer Dashboard Improvements

Asking Customers to Provide Required Information

You can extend your custom software for insurance with a tool that collects relevant data throughout the underwriting process. This tool assists in accurate insurance risk assessment and decreases single sales time.

Automated Underwriting Status Updates

Automatic updates give underwriters a preview of each process in one click and plan further actions. The updates also show the effectiveness of your agents' actions.

Feedback Mechanisms on Rules and Models

With extra tools in insurance underwriting software, your agents can provide feedback on rules and models. Their reviews will help you optimize the work and improve efficiency.

Access to Claims History and Data Sources for Underwriters

In addition to implementing advanced algorithms, you can give your employees full access to insurance claims management software. Precise claim history will help people have the last word in the most complex cases.

Stay Ahead of Your Industry Rivals

Choose Scalo underwriting software solutions and provide top insurance solutions.

Find Your Missing Insurance Development Puzzle Piece in Scalo

Are you ready to introduce automated underwriting software to revolutionize the work of your agents and brokers?

Discover how Scalo can help you step out in front of the insurance industry and streamline underwriting tasks.

Bespoke Insurance Software

Do off-the-shelf software products not meet the needs of your insurance agency? At Scalo, we will create custom insurance underwriting and rating software responding to your needs. We have the solutions to the problems that arise in ready-to-use software products, such as integration difficulties, security issues, and lack of compliance with changing regulations.

Dedicated Development Teams

Scalo dedicated development team has experience developing the best underwriting software for insurance companies with multiple branches worldwide and local agencies. Choosing seasoned developers from Scalo lets you receive an underwriting platform loved by agents and customers.

Outsourcing

Scalo is well-known for working with the most experienced development professionals. We rely on Polish software developers who constantly expand their theoretical and practical knowledge. By choosing Scalo outsourcing, you can be sure your underwriting team will be extended by open-minded specialists who add a fresh perspective to your project.

Legacy Software Modernization

Modernization of legacy code is a necessity at a time when optimization of business operations is a differentiator in the industry. Modernization of insurance underwriting software by Scalo experts will transform outdated solutions in cloud-based, efficient, and easy to integrate with other insurance platforms.

Data Migration

Do you want to migrate to a new insurance underwriting software but want the whole process to happen seamlessly and securely? Data migration specialists from Scalo will take care of every element and execute it without obstructing your employees' usual tasks.

Consulting

Need advice from a company that rocks in providing automated insurance underwriting software? At Scalo, you will find support at every stage of product development. We will advise how to design top insurance underwriting software, what technologies to use, and how big budget to plan for the whole project.

Why Choose Our Team

Are you looking for an old hand in creating InsurTech and FinTech solutions? A technology partner that revolutionizes international corporations and small businesses and allows them to become sharp-elbowed in their markets?

Over the past dozen years, Scalo has become one of the leading providers of rating and underwriting software for insurance companies. People choose us because they trust our experience developing back-end solutions and expertise in implementing advanced artificial intelligence and machine learning algorithms.

By choosing Scalo, you get programming support and a proactive development partner who will guide your project from a bold vision to spectacular success.

Don’t hesitate to contact us and transform your company into the leader in the insurance market!