Insurance & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Data & Analytics

10:44 AM
Nathan Golia
Nathan Golia
Connect Directly

Prudential Plucks Paper from Policy Process

The company's EPreview initiative, which allowed underwriters to review policies in PDF form rather than printing them out, won it an award from I&T sister publication InformationWeek.

Taking paper out of insurance processes is a trendy IT goal due to environmental and cost concerns. And in life insurance, where sample illustrations and draft policy documents can run into the dozens of pages, there are many areas that can be targeted to cut paper.

Prudential's EPreview initiative focused on the policy review process. Originally, it processed all new policies from producers overnight in one batch. The polices were printed and reviewed by operations the following morning. Now, a PDF of a policy immediately after the underwriting department's approval, so operations can review this digital version the same day.

What happened in the middle? Check out the article I wrote for I&T sister site InformationWeek on EPreview, when it won a Business Innovator award from that publication. In the article, Prudential's director of project management Teresa Anderson discusses:

  • integration and middleware changes to Prudential's mainframes and servers
  • changing the agent to allow requests for electronic previews
  • piggybacking on a new version of Prudential's life insurance application, and
  • a rapid prototyping approach to developing the capability.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

Register for Insurance & Technology Newsletters