FWD Singapore to Implement UnderwriteMe Tech
FWD Singapore has adopted a new solution that enhances the digital insurer’s real-time risk assessment on policy applications and delivers improved underwriting decisions for their customers.
This new digital solution, which is built on the Underwriting Rules Engine (URE), is powered by UnderwriteMe, Pacific Life Re’s fully-owned subsidiary. It incorporates Pacific Life Re’s underwriting philosophy and has enabled FWD to tailor its underwriting approach for its customers.
This digital solution will be used to assess applications for FWD’s existing direct term life products.
“What customers need and look for when searching for suitable insurance solutions is a fuss-free experience that is not bogged down by complicated processes. With UnderwriteMe, we can offer that and continue to change the way people feel about insurance.” – Abhishek Bhatia, CEO of FWD Singapore.
Bottom Line: There’s a plan to extend the technology to other FWD locations in Asia.