Supervisory approvals of submitted requests for insurance applications can take days, if not weeks, in most organizations. Not only is there a review of the coverage specifics, but there is also the concerns associated with appropriate suitability reviews on the product selected and offered to the customer.
With our real-time integrated central supervision tool, the process of paper review forms passing through multiple hands for approval is eliminated. In its place, an online tool allowing a central supervisory approval unit to quickly review and approve (or decline) a case within minutes of the time it is submitted. The result? The application cycle time is reduced by days or weeks, delivering the product to the consumer that much sooner.