Pyramid eXpeditor for Life Underwriting
Improve Agent Loyalty
Process Applications Faster
Quickly and accurately assess risk so you can issue policies faster.
PX for Life Underwriting leverages cognitive capture, business rules, analytics and predictive modeling to assemble an applicant’s information graphically. It helps underwriters make consistent and accurate rating decisions, ultimately reducing costs and processing times.
Life insurance software that decreases the number of attending physician statements you order.
Attending physician statements (APSs) are a major obstacle in the underwriting process. They are expensive (averaging $86), take anywhere from 10-30 days to receive, can range from 50 pages to upwards of 11,000, and demand days to manually review.
PX for Life Underwriting provides cognitive insights that lower the need for and dependency on APSs in the underwriting process.
Our models demonstrate that between 70% and 80% of all cases do not need APSs for accurate processing. PX for Life Underwriting helps you decide that so you can save time and money by not ordering one.
Your Underwriter’s Workbench
The user interface organizes an applicant’s information and data into an Underwriter’s Workbench that contains a variety of tools:
Applicant Ailment StorylineThe storyline is a graphical depiction of overlapping diagnoses, treatments and prescriptions plotted over the applicant’s life. It allows underwriters to spend more time reviewing important facts and making correlations, and less time manually jumping between applications searching for information.
Every piece of content related to an applicant resides in a folder for easy finding. Each folder has a priority rating so you know what to focus on first. They also have forecasted estimate-to-complete (ETC) dates so you can keep your client up-to-date on when you expect to reach a decision.
Diagnosis Search Interface
The comprehensive search capability looks for key medical terms such as references to cancer or prescription drugs no matter which repository the document is in.
Our high-speed viewer loads any APS (even an 11,000-page one) as quickly as it downloads. Packed with capabilities, users can create bookmarks, split a document into two documents, merge two documents together, or place tags on documents.
Additional Features & Benefits
Deploy as You Wish
Deploy PX for Life Underwriting as a managed service (cloud), on-premise solution or a hybrid of both options.
Improve Customer Experience
Attract and retain loyal customers by delivering a high-caliber customer experience.
Integrates with your existing life underwriting and content management system.
Workflows automate structured and unstructured processes so you can underwrite policies faster.
Additional ResourcesDiscover More
A 2014 Oxford University study concluded that jobs in the “service” and “sales and related” categories have high probability (greater than .7) of computerization (computerization is job automation by means of computer-controlled equipment). According to a McKinsey Global Institute report, the underwriting profession is vulnerable to having at least 35% of its tasks automated. Now, before you dust off your resume, let’s think about this a little further.read more
"I’m really excited about the viewer....It fills a major pain point in the ECM portfolio. I’m thankful for our partnership to help generate additional sales while we solve business problems for our ECM users.” - P&C Insurance...read more
Pyramid Solutions is excited to attend and sponsor the Association of Home Office Underwriters (AHOU) 16th Annual Conference: Appetite for Disruption.read more