Appian(US:APPN) Prnewswireยท2024-06-11 08:30Core Insights - The article discusses the challenges faced by life insurance underwriters due to scattered information and outdated systems, which hinder timely and accurate risk assessment [1] - Appian has partnered with Swiss Re Reinsurance Solutions to introduce the Connected Underwriting Life Workbench, aimed at improving operational efficiency and customer experience for life insurers [1][3] - The solution is designed to streamline underwriting processes, enhance risk management, and ensure policy consistency across multiple markets while adapting to local regulations [1][3] Group 1: Challenges in the Insurance Industry - Traditional insurance workbenches lack integration among various internal systems, partners, and third-party services, requiring underwriters to access multiple systems for a single life policy [2] - Underwriters need a unified system to manage workloads seamlessly across multiple cases and clients, which necessitates a powerful, reliable, and secure workbench to connect data and automate processes [2] Group 2: Benefits of Appian Connected Underwriting Life Workbench - The integration of Swiss Re's Magnum solution with Appian's Connected Underwriting provides insurers with a comprehensive platform for automating underwriting and workload management [3] - Key benefits include intelligent case and workload management, process automation for faster policy issuance, improved customer experience through reduced wait times and errors, and enhanced profitability by analyzing risk profiles [3]