Income Assurance
Discover how StartUp Lab helped individuals and businesses achieve greater financial stability and peace of mind through our innovative Income Assurance projects. These success stories highlight how proactive strategies can secure futures and foster sustained economic growth.
Client Industry
Insurance
Services
Django Development
Client Size
100 - 2000 people
Location
USA
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Problem → Solution → Outcome
Client was using MS Excel macros for underwriting processes. Which also meant that the customer themselves cannot fill any form. They can only fill paper forms and then one of the client’s staff will fill in the same in an excel macro for the underwriting. Thereafter income assurance was provided to the customer.
Our Solution
An underwriting engine and a software where the customer can themselves fill in the various required information for underwriting steps and the risk is calculated automatically and the underwriting result is shown to them immediately.
Results
The customers used the tool to apply and see their feasibility and risk assessment results from the comfort of their homes. The automated underwriting process enabled the client to focus more on their business growth instead of mundane paperwork.
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