A Revolutionary Automated New Business System

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A Revolutionary Automated New Business System
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Enhancing your new business process

• Underwrite issue insurance in real time
• A true Straight Through Process gtgt Electronic
  Application gtgt Automated Underwriting gtgt
  Instant Issue gtgt Integrated Case Management gtgt
  Reinsurance
• Develop instant issue products that are
  competitive with fully underwritten medical
  products

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Merica-USA new product model
Premium
Time to Issue
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FULL SERVICE OFFERING
FULL SERVICE OFFERING
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COMPONENTS
Components

• Web Based New Business System
• Integrated Underwriting Engine
• Automated Real-Time Aggregation and Analysis of
  Third Party Data
• Rx Profiles (Ingenix)
• MIB
• MVR (iiX)
• Integrated e-Signature Technology
• Integrated Underwriter Workbench
• All application and third party data available
• Real time access to data
• Real time UW overrides and decision capability

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ADVANTAGES
Advantages

• Significant underwriting and issuance expense
  savings
• Speed-to-issue dramatically reduces not-taken
  rates
• Instant issue in most cases
• Real time decision in 75 - 85 of cases
• Instant issue adjustable to accept standard or
  any desired table rating

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Advantages

• Hannover Life Re stands behind Merica-US
  Reinsurance up to 90.
• Low cost of entry
• Quick to implement
• Minimize impact on internal resources

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THE TEAM
One of the worlds premier reinsurance companies
provides the logic for the underwriting rules and
the algorithms for interpreting and applying
underwriting data
World Class Team
One of the largest IT service providers to the
insurance industry world wide provides
implementation expertise
Part of Milliman, Inc., STEP Solutions provides
the unifying framework for collecting application
information, underwriting data, and policy
administration.
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PROJECT STATUS
Michael Reeves Assistant Vice President
Marketing 407-649-8411 mreeves_at_hlramerica.com