Realtime STP is the leading solution for new business processing and expert underwriting decisioning for life and health carriers ready to adopt STP. It is a web-based end-to-end solution capable of fulfilling the promise of straight through processing—delivering a policy from application to issue in one customer interaction.

Realtime STP's innovative technology can increase speed to issue from weeks to days (even minutes), and dramatically enhance placement ratios. The carrier retains control of the new business process by determining product and rate options, defining underwriting rules, deciding when to intervene with live underwriters, and integrating existing policy administration. It is the ideal tool for introducing a new product or establishing a new distribution channel.

Realtime STP can:

• Provide product comparisons and quoting capabilities;
• Automate application taking and processing for agent, direct-to-consumer, and call center distribution channels;
• Employ rules engines for reflexive questioning during drill-down health surveys;
• Use electronic signatures (including voice signatures) to provide applicant authorizations in real time;
• Provide instant access online to third-party underwriting data to verify and evaluate applicant information;
• Automate expert underwriting decisioning through sophisticated rules engines;
• Tightly integrate the application flow, automated decisioning, and manual underwriting workflow; and
• Automate back office underwriting activities, yet allow for teleunderwriting or manual underwriting intervention at any time.

Forward-thinking life and health carriers—our customers—are the beneficiaries of Realtime's unique experience and technological innovation, gaining immediate and sustainable competitive advantage. As market leaders are adopting our best in class solution, it is becoming a trend that's impossible to ignore.

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Straight through processing (STP) is the seamless flow of applicant data and risk information in a consistent electronic format traveling through both automated systems and human interfaces to arrive at an underwriting decision and approved application in the shortest time possible. STP is being used today by forward-thinking carriers to improve customer and agent experience, reduce costs, and create competitive advantage.

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