Time and space are at the heart of ...

Time and space are at the heart of insurers' and regulators' switch to electronic rate and form filing. Insurers relying onward getting rate adjustments or new-product approvals using paper-based transactions sent through the mail face time and storage constraints. each year, the Pennsylvania Department of Insurance fills up an average of 26 linear feet of storage space with strange paper property/casualty rate and form filings. It can take several weeks for insurers to receive acknowledgment that rates and forms mailed to state regulators by the agency of the U.S. Postal Service reached the appropriate human frame

As insurers and regulators