How is your Underwriting Team performing?
Now this is a million dollar question! The underwriter’s performance determines the premiums that you get and hence impacts the business profitability. It’s a fine balance so that you don’t overprice your premiums and become unattractive and at the same time do not underprice and expose yourself to risk. While underwriting quality is important, productivity is also of critical importance. Superior productivity would mean shorter TAT, faster policy issuance and hence increased customer satisfaction. GrayMatter’s Insurance Analytics (IA+) solution provides... Read More