Underwriting

With the world changing, commercial underwriting is going to be called on to minimize the impact of complex risk on an ever-riskier world.

if an insurer grasps the granularity of their data assets, this facilitates outperformance in other areas.

Only 25% of an underwriter’s day is spent on selling and broker engagement. They are spending entirely too much time on non-sales work.

Carriers must go beyond traditional data sources to minimize the information gap and transform the underwriting of small businesses.

Underwriting is evolving toward a service that will help clients prevent losses, rather than merely indemnifying clients afterward.

A vision for transforming underwriting can be partitioned into five basic considerations and exercises to create a tactical road map.

Automation and machine learning need to be force multipliers for underwriting excellence – not poor substitutes for it.

In a business defined by relationships, connecting well on a virtual basis will be more than a change — it will be a requirement.