Pegasystems, the software company powering the digital enterprise, announced its newest insurance application, Pega Commercial Lines Underwriting.

Pega’s new underwriting workstation combines industry-leading business process rules and workflow functionality with decision-based technology designed to help underwriters improve risk evaluation, comply with underwriting guidelines and collaborate more effectively. Pega’s unified offering helps carriers eliminate gaps in their current underwriting capabilities and modernize their technology support environment on an enterprise scale.

Pega Commercial Lines Underwriting application helps commercial lines carriers drive growth by using predictive and adaptive analytics to align underwriting outcomes with profitability and risk objectives.

Pega’s end-to-end underwriting application simplifies complex operating environments by accelerating the deployment of enhanced underwriting functionality across geographies, lines of business and distribution channels. Furthermore, carriers can reduce expense ratios with intelligent underwriting processes and easy integration of legacy systems that enables the automation of key underwriting tasks in accordance with service level agreements.

Pega Commercial Lines Underwriting is built on the Pega 7 platform. With Pega 7’s visual tools, businesses can easily extend and change the application to meet their strategic business needs. Pega 7’s proven scalability ensures the application can scale to run across the volume of users and variations in business lines, geographies and channels that today’s organizations demand.

"Commercial lines insurers are increasing their demands for automated underwriting solutions that address the full scope of underwriting and underwriter needs to create ease and effectiveness of the underwriting process," said Deb Smallwood, Founder of Strategy Meets Action.