Advanced Software for Speeding Underwriting and New Business

CSC’s nbAccelerator® combines advanced technology and CSC’s industry-leading experience to improve speed and efficiency, while ensuring that insurers are writing profitable new business that supports growth objectives.

Brochures

nbAccelerator
nbAccelerator, CSC’s advanced software for speeding underwriting and new business, supports multiple products, distribution channels and back-end systems.

CSC’s Life and Annuity Solutions
CSC is uniquely positioned to make large-scale change practical for life and annuity companies. No other company is more experienced at planning, building and operating life and annuity processes, applications and IT infrastructures.

News Article

Penn Mutual’s New Business Processes Move into High Gear
Insurance Networking News (INN) magazine describes how CSC’s nbAccelerator helped Penn Mutual Life Insurance Co. automate an entire business process using straight-through processing to eliminate manual intervention and re-keying of data.

The industry’s most complete new business software, nbAccelerator transforms life and annuity underwriting and new business operations by:

• Streamlining the application and submission process, turning the producer’s job into a paperless, self-service process that can be completed anytime, anywhere.
• Providing a full range of automated underwriting capabilities — from initial simplified underwriting to more complex iterative analysis. Underwriters get advanced tools for completing risk assessment tasks quickly and efficiently.
• Automating requirement management, the most time-consuming and costly function of underwriting and new business processing. Medical and non-medical requirements are automatically determined, ordered, receipted, matched to a case and evaluated. If requirements are not received within the user’s pre-defined time frame, the system provides automatic follow-ups.
• Creating an image-based work environment that eliminates paper and allows work to be shared across departments and processed in parallel. Work is distributed electronically according to flexible rules such as processor skill level and workload, product type, geography, priority and other parameters.

Reporting
Productivity reports measure the entire business process in real time, identifying bottlenecks and processes that cost time and money. Comprehensive statistical reports focus on products, distribution channels, providers and new business processes.

Case Management
The case management process is simplified by integrating complex tasks related to case administration, processing cash, communicating with all entities and assembling and delivering the final contract.

Cash Management
nbAccelerator automates many repetitive cash-with-application processes, providing a full range of functions for cash and deposits.

Communication and Document Management
Integrated correspondence and e-mail capabilities improve service throughout the new business and underwriting processes. nbAccelerator supports on-demand and event-driven correspondence with options for immediate or deferred print.

Scalable, End-To-End Integration
nbAccelerator features an open data interface using ACORD industry standards and best practices for J2EE development — allowing nbAccelerator to support multiple products, multiple distribution channels and multiple back-end systems. CSC’s flexible design puts your organization in control of the results.

For More Information

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