{"id":22930,"date":"2023-10-25T22:00:00","date_gmt":"2023-10-25T22:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4247500_AE47500_0"},"modified":"2023-10-25T22:00:00","modified_gmt":"2023-10-25T22:00:00","slug":"appian-launches-connected-underwriting-for-life-insurance-in-partnership-with-swiss-re","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=22930","title":{"rendered":"Appian Launches Connected Underwriting for Life Insurance in Partnership with Swiss Re"},"content":{"rendered":"
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New workbench enables holistic underwriting automation and workload management to improve operational efficiency and underwriter experience.<\/i><\/p>\n

MCLEAN, Va.<\/span>, Oct. 26, 2023<\/span> \/PRNewswire\/ — Appian (Nasdaq: APPN) today announced the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process. The solution makes underwriters’ lives easier by giving them a single interface to evaluate and classify risk, handle exceptions, and make case decisions.<\/p>\n

\"Appian<\/a>
Appian announces the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process.<\/span> <\/div>\n

The Connected Underwriting Life Workbench<\/a><\/u> is a streamlined underwriting solution that is prebuilt on the Appian Platform<\/a><\/u>. It is designed to drive speed to market with reduced IT effort for implementation. Its data fabric<\/a><\/u> capabilities enable quick data and integration connectivity, coupled with AI-led automation that supports change management and optimized processes. Appian’s AI architecture, which includes generative AI capabilities, allows insurers to process content at scale and automate repetitive tasks, such as classifying emails and extracting data from documents. This allows Appian customers to facilitate faster benefit realization and enhance their competitiveness with a better underwriting experience. Life Workbench improves the quality, consistency and procedural adherence of cases. Additionally, the system allows 24\/7 real-time monitoring and data extraction from various sources, seamless integration with third-party tools, and augmented decision-making with a complete audit trail.<\/p>\n

Life Workbench offers a prebuilt integration with <\/a>Swiss Re’s Magnum Pure<\/a><\/u>, an influential automated underwriting solution powered by Swiss Re’s Life Guide<\/a><\/u>. This integration empowers underwriters to overcome the complexities of multiple systems used to underwrite a case by bringing together all the relevant data, images, and human system interactions. Underwriters can better evaluate and classify risk, handle exceptions, and make critical case decisions rather than focusing on the procedural and administrative steps, transactions, and keystrokes. This partnership combines Appian’s expertise in AI, automation, data fabric, and case management with Swiss Re’s industry-leading automated underwriting engine, Magnum Pure, to simplify the underwriting process. The Swiss Re Magnum Pure solution must be purchased separately from the Appian Platform to enable the integration.<\/p>\n

Key Benefits of Appian Connected Underwriting Life Workbench include:<\/p>\n