Assessment Engine

Unlock the potential of automated underwriting and propel your business forward.

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  1. What you're up against
  2. How it works
  3. What to expect
  4. Real stories, real results
  5. Get in touch

What you're up against Major roadblocks in the underwriting journey

  • Declining automation momentum

    Automation has handled the easy wins. Straight-through processing covers standard and many sub-standard cases, but referrals still jam the pipeline. Automation gaps persist where data is incomplete, inconsistent, or unstructured. The task ahead isn’t to begin automation – it’s to push it further.​

  • Data bottlenecks

    Underwriting has more data than ever – but far too little of it is decision-ready. Health records, wearables, and PDFs pile up because legacy engines can’t handle unstructured information. Underwriters still read PDFs by hand. And that’s where automation breaks: at the moment richer data should enhance risk and pricing.​

  • Evolving customer expectations

    Most insurers can deliver a same-day decision, but the experience still feels disjointed: medical questions are dense, disclosure forms read like diagnostics, and handoffs between channels create drop-offs. Life insurance buyers now expect frictionless journeys that feel human, not transactional.​

How it works Streamlining underwriting decisions

Developed through nearly 30 years of continuous innovation and built on a cloud-native and API-driven architecture, our Assessment Engine is a leading underwriting engine for insurers seeking to modernise and scale their underwriting operations. It seamlessly ingests underwriting data, streamlines risk assessment and enables decisions at the point of sale — all contributing to faster, more consistent outcomes. As a mature and proven solution, our Assessment Engine is continually enhanced to meet evolving market needs and technological standards.

PromiseXP Claims Admin

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Leveraging Swiss Re's risk expertise

Our Assessment Engine's comprehensive rule base library covering 2,322 individual risk factors and over 30,000 rules is actively maintained by a dedicated team, ensuring the rule base is continually aligned to the latest Life Guide practice and Swiss Re's risk input.

Tailored risk assessment

Our Assessment Engine provides full flexibility. We can create or modify rules according to the insurer’s philosophy, define new products or also enable our clients to do it themselves.

Flexible integrations

Our Assessment Engine is designed with flexible integration capabilities that make it easy to connect with a wide range of third-party data providers, eApp platforms, and underwriting workbenches. It supports real-time and batch integrations via modern RESTful APIs and includes a built-in Data Hub to manage synchronous and asynchronous data exchanges. Assessment Engine comes pre-integrated with leading vendors to leverage rich data sources for evidence gathering, risk scoring, and decisioning without building custom connectors.

Versions

  • Go

    Experience our simple, cloud-based underwriting solution for product development, customer experience and cost reduction. Partner with our experts for increased conversion and advanced analytics.​

  • Select

    Tailored to meet your needs, boost point-of-sale underwriting automation with configurable rules. Deliver confident decisions and advance your digital journey.​​

  • Pure

    Unlock the complete potential of automated life insurance underwriting – fully customisable. Faster processing, improved experiences, and in-depth business insights to streamline your operations.​​

Analytics Turn underwriting and claims data into measurable business outcomes

Data-driven insights that uncover risk, improve automation performance and optimise your underwriting, claims and distribution KPIs.

Learn more XP Analytics Suite

What to expect Achieve a faster, more accurate, scalable and customer-centric underwriting experience

  • Modern, scalable, future-ready technology

    Built on a cloud-native and API-driven architecture that delivers flexibility, security, and scalability — ensuring our Assessment Engine evolves with your business and the industry.​

  • A delivery & support team that ensures your long-term success

    Our experienced team of underwriting, technology, and implementation specialists partners with you at every stage – from setup to optimisation — ensuring sustainable success and measurable outcomes.​

  • Accelerated time to value with pre-built rules

    Our Assessment Engine comes pre-configured with Swiss Re’s Life Guide — the industry-leading manual for life and health underwriting — giving clients an extensive foundation of tested, ready-to-use rules to launch faster and realise value sooner.​

Real stories, real results Our clients see the value

  • Driving profitable growth for Equinoccial Insurance
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  • Deliver consistency and operational efficiency for Ameritas
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  • Refining underwriting with advanced data analytics for Guardian Life
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Start your journey today

Ask our experts to explore how MagnumXP can help redefine the underwriting journey for you and your clients.

Contact us Start your journey today

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