Overview

AUSIS is an AI-powered underwriting platform designed to modernize life and health insurance underwriting. It automates risk assessment and decision-making, using AI, external data and document processing to deliver fast, data-driven underwriting recommendations or fully automated issuance. The platform can integrate with existing legacy systems or function as a complete end-to-end underwriting solution.

Features and Capabilities

• AI-powered risk assessment: Uses machine learning, natural language processing and computer vision to evaluate applicant risk across more than 1200 parameters, including health, financial, behavioural, social, KYC, bureau and environmental factors.
• Data & document ingestion: Processes structured and unstructured data such as PDFs, medical records, forms and images, supporting automated data extraction, verification and compliance documentation.
• Real-time and alternative data integration: Utilizes real-time inputs from wearables, environmental data, public databases, social data and location sources to build dynamic, continuously updated risk profiles.
• Fraud detection & early-claim propensity scoring: Identifies anomalies, flags suspicious or high-risk applications and predicts the probability of early claims to support more accurate underwriting decisions.
• Automated underwriting & straight-through processing (STP): Enables automatic approval of low-risk applications while routing higher-risk cases to underwriters for review, significantly accelerating processing time.
• Scalability & integration: Delivered as a cloud-based SaaS platform, allowing scalable deployment and smooth integration with insurance core systems, external data sources and third-party applications.
• Personalized underwriting & pricing: Supports individualized underwriting and premium calculation, enabling personalized policy structures beyond traditional one-size-fits-all models.
• Efficiency & cost reduction: Reduces underwriting time from days to minutes, increases operational efficiency and accelerates policy issuance while lowering administrative costs.
• Support for embedded and alternative insurance models: Enables embedded insurance experiences within other platforms—such as e-commerce, travel or marketplace ecosystems—and supports low-friction, document-less underwriting workflows.