A state-of-the-art automated
underwriting solution

Velogica provides a real-time automated
underwriting solution
that fits seamlessly into
an insurers existing acquisition process.

At its core, Velogica is a highly responsive, comprehensive underwriting engine
designed by underwriters for underwriters. It caters to all individual customer needs
by supporting multiple rulesets and completion methods, which offers significant
flexibility to vary questions and outcomes according to different attributes.

The end result for the customer journey
is instantaneous risk assessment through:

  • A dynamic risk questionnaire tailored
    to standard or substandard lives

  • A tailored pricing offer that
    matches individual risk assessment

  • A real-time underwriting experience
    allowing for point of sale acceptance

Delivers a flexible solution for insurers

Velogica’s adaptive system works online and off, supporting
ominchannel implementation with options that co-exist side-by-side.

E-Underwriting

  • Supplies dynamic online health questionnaires for instantaneous risk assessments
  • Integrates into an end-to-end online platform
  • Ensures secure access 24/7

Tele-Underwriting

  • Provides full phone-based health risk interviews
  • Facilitates the underwriting process with expert
    medical teleoperators
  • Ensures confidential support throughout the process

A seamless customer journey

Velogica fits easily into an insurer’s existing acquisition process.

Sophisticated key features

  • Full underwriting capability

    • Supports multiple products with complex composite rules, calculations and
      clear decision trees, variable decision outcomes and point-of-sale acceptance
    • Customizes reflexive underwriting for concise targeting to individual risk
      thereby supporting evaluation of complex composite medical conditions
    • Embeds SCOR’s risk expertise with rules based on SOLEM Life underwriting
      manual
    • Allows the addition of external data sources to increase the accuracy of
      underwriting results
  • Variable pricing availability

    • Supports multiple products with complex composite rules, calculations and
      clear decision trees, variable decision outcomes and point-of-sale acceptance
    • Customizes reflexive underwriting for concise targeting to individual risk
      thereby supporting evaluation of complex composite medical conditions
    • Embeds SCOR’s risk expertise with rules based on SOLEM Life underwriting
      manual
    • Allows the addition of external data sources to increase the accuracy of
      underwriting results
  • Flexible and modular

    • Supports multiple products with complex composite rules, calculations and
      clear decision trees, variable decision outcomes and point-of-sale acceptance
    • Customizes reflexive underwriting for concise targeting to individual risk
      thereby supporting evaluation of complex composite medical conditions
    • Embeds SCOR’s risk expertise with rules based on SOLEM Life underwriting
      manual
    • Allows the addition of external data sources to increase the accuracy of
      underwriting results
  • Agile data management & analytics

    • Supports multiple products with complex composite rules, calculations and
      clear decision trees, variable decision outcomes and point-of-sale acceptance
    • Customizes reflexive underwriting for concise targeting to individual risk
      thereby supporting evaluation of complex composite medical conditions
    • Embeds SCOR’s risk expertise with rules based on SOLEM Life underwriting
      manual
    • Allows the addition of external data sources to increase the accuracy of
      underwriting results

Engineered for the next
generation of underwriting


Velogica does more than give insurers access to leading-edge technology

and the power to process large volumes of business more efficiently and
profitably. By combining SCOR Global Life’s underwriting expertise and
reinsurance services with ReMark’s software solutions, it impresses
today’s demanding users—be they customers, advisers or underwriters.

 

Experience Velogica

Get in touch for a demo