iCover Offers Manual Underwriting Services Seamlessly Integrated with New Underwriting Workbench

iCover Launches Integrated Manual Underwriting Services

iCover, an InsurTech firm based in Missouri, has announced the rollout of a new platform that integrates manual underwriting services with its existing algorithmic underwriting and electronic application (eApp) tools designed for life insurance companies. This move aims to streamline the underwriting process and enhance the capabilities of insurers in managing applications.

Overview of the New Platform

The updated underwriting workbench allows life insurers to use manual underwriting when needed, ensuring flexibility alongside automated processes. By combining these approaches, iCover hopes to improve efficiency and accuracy in decision-making for life insurance applications.

Who Benefits?

This announcement is particularly relevant for life insurance companies looking for greater adaptability in their underwriting processes. The integration of manual and algorithmic systems is expected to help them better address unique cases that might not fit into standard automated criteria.

How It Works

According to the official announcement, iCover's new workbench facilitates an easy transition between automated and manual underwriting. Insurers can utilize data-driven insights while retaining the option to involve human expertise when necessary. This combination aims to heighten overall performance in processing life insurance applications.

Conclusion

Overall, iCover's latest offering appears to reflect the industry's ongoing efforts to balance automation with personalized service in underwriting practices. By integrating manual services into their algorithmic platform, iCover is addressing a common need among life insurers for a more versatile approach.

Original Source: https://www.prnewswire.com/news-releases/icover-offers-manual-underwriting-services-seamlessly-integrated-with-new-underwriting-workbench-302533069.html