Expenses associated with providing insurance continue to increase, this alongside the shortage of underwriters and the ever growing need to get new business faster. With the Vector NBU, you can introduce Straight Through Processing (STP) of New Business into your organisation in just months with a proven and tested solution that does away with complex multi-system implementations that run into multiple years and drain your IT bandwidth.

• Straight through NBU where all systems, from application to issue, are integrated electronically
• Provides value beyond operational improvement – a state-of-the-art new business environment with immediate positive impact to the bottom line
• Ordering, following up and collecting new business requirements as data
• Imaging
• Tele-interview
• Rules-based underwriting engine that is customised for each carrier

• It improves mortality results.
• It improves underwriter efficiency.
• It provides better medical history disclosure through independent tele-interview.
• It has more complete, legible applications leading to better placement rates and faster policy issue.
• It improves retail pricing and competitive positioning.
• It generates new premium income faster by reducing the time to market.
• It meets emerging demands of regulators and capital markets for more granular understanding and verification of product performance.
• It provides the audit tools to monitor production in real time at a level granular enough to compare actual sales by cell against expected results.