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.
Details
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Delivery method
Deployed on AWS
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Pricing
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.
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Dimension | Description | Cost/unit |
|---|---|---|
Unqork Underwriting Workbench Accelerator | The AI-enabled workbench streamlines the entire underwriting workflow. | $300,000.00 |
Dimensions summary
This listing bills through a single usage-based dimension, measured in Units. You pay according to how many Units you consume, so cost scales with actual use rather than a fixed term commitment. There are no separate tiers, instance sizes, or add-on options to compare. The one dimension covers the AI-enabled underwriting workbench, which supports the underwriting workflow end to end. Because pricing is metered by Units, your spend rises or falls with usage volume.
Top-of-mind questions for buyers
The listing meters usage in Units, but the pricing table does not define what one Unit maps to in concrete terms. Because the exact counting basis is not stated in the available data, confirm with the vendor whether a Unit ties to processed submissions, active underwriters, or another measure before you estimate spend.
You pay based on how many Units you consume. When your team processes more underwriting work, Unit consumption rises and your bill rises with it. When activity slows, consumption drops and cost falls. There is no fixed term charge, so spend tracks actual use each billing period.
This listing uses a usage-based model billed by Units consumed. You are charged for what you use rather than paying a flat fee for a set term. This suits workloads where underwriting volume varies over time instead of staying constant.
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Customer reviews
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
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