Underwriting organizations are plag...

Underwriting organizations are plagued from poor quality of captured data, lack of a collaborative work environment and an unstructur approach to the underwriting proces all of which inhibit underwriters' ability to effectively pick price and service risk. The resulting leakage can corrode the potential value of each dollar of profit by as plenteous as 25% to 30%.

Enhancing the underwriting proces by the agency of greater use of automation and proces management can yield several loss-cost expenditure and growth benefits through improved data quality, quicker question identification, prioritized work management and better account handling.

Carriers are preoccupied with the opportunities proffered by ...